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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.
It is official. Century City Square, the new all-green commercial and hospitality hub of Century City, is South Africa’s top mixed use development.
As it enters its 10th year in operation, The Green Building Council South Africa (GBCSA) has reached the remarkable milestone of 250 green building certifications in Africa.
Rabie has sold more than R550million of residential property at Burgundy Estate since getting involved as a joint venture partner with Nedbank in early 2015.
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.
The mixed use Century City Square development, which was developed by the Rabie Property Group at a cost of R1billion, has been awarded a 4-Star Green Star – Custom Mixed Use Design rating by the Green Building Council of South Africa.
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.
A 3000 square metre, low-rise, sectional title office development designed to meet the demand of owner occupiers wanting their own smaller buildings with their own corporate identity are under construction at Century City.
Construction of Manhattan Quarter, a complex of 63 apartments overlooking the Grand Canal in Century City, has topped out and is on schedule for completion in mid-October.