Two exciting commercial developments, including new offices for Discovery, are being developed by Rabie Property Group at Century City to meet ongoing demand from those wishing to relocate to this burgeoning precinct.
Rabie Property Group scooped the 300th green building certification at the Green Building Council of South Africa at the organisation’s recent 10th annual convention at Century City.
Office properties located in the mixed-use node of Century City in the Western Cape are sought after due to the node’s innovative approach to urbanism and environmental sustainability.
A new mixed use development is being built on the last remaining site in the Grand Moorings precinct of Century City by Rabie Property Group.
The continued strong take up of offices at Century City has seen almost all new stock being mopped up and overall vacancies dropping to 7,4% in April from just under 10% in January this year and 12,1% in the fourth quarter of last year.
A new development of 16 300 square metres of premium grade offices, which will include new regional offices for Discovery, is to be built on a prime gateway site at Century City.
There will be a feeling of déjà vu about November’s listing on the JSE of Spear Reit, a property investment vehicle focusing exclusively on the Western Cape.
Growthpoint Properties Limited today posted distribution growth of 6% for its full year to 30 June 2016, delivering results at the top of its market guidance.
Construction of Palm Brook, the fifth block of apartments in the Oasis Luxury Retirement Resort at Century City where 23 apartments have already been sold for more than R120million, has now commenced.

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