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Wednesday Sep 25, 2013

Century City 'booming'

Property development is booming at Century City with construction worth billions creating employment for thousands in recent months.

A view from the estuary.

Developer Rabie Property Group announced that its labour force on seven large projects totalling about R1 billion under way at Century City was peaking at more than 1 600. The projects include three office blocks in the new Bridgeways precinct at the Ratanga Road entrance, a 9 000m2 office block for Chevron, a 4 000m2 office block for the Business Centre and a second 4 000m2 office block.

Steve Cloete, project manager with Rabie, said a total of five tower cranes and a mobile crane were being used on the projects. 'This is the most we have had at any one time since the heady days of 2007/8, when we had as many as 13 cranes in the skyline,' he said.

The Business Centre, comprising Cape Town's first serviced offices, opens in Century City early next month. The R85-million A-grade office block is built on a prime site at Century City. Rabie said they were also aiming to be the first Green Starrated serviced office development in Africa. A Green Star rating is certified by the Green Building Council SA, which awards points for the environmental impact of a project.

Ceri James, the sales and marketing director of The Business Centre, said the Century City centre would fill a gap in the market. He said the group, which had an eight-year track record of providing serviced office solutions to the business community in Gauteng and KwaZulu-Natal, had chosen Century City as its first Cape Town location because of its central position and the high demand for offices in the precinct.

Travers Hathrill, the managing director of The Business Centre, said: 'Because it is fully serviced, tenants will be able to start running their business as soon as they move in.'
Rabie will also be the developer of a R33m MyCiTi Trunk Station at Century City, which will be a major interchange between the trunk and feeder routes of the city's Rapid Bus Transit system.

The Waterberry residential development at Century City was sold out a week before construction started. Project manager Miguel Rodrigues said all 43 apartments had been sold for a total of R71.9m.

Michael Bagraim, chairman of the human capital portfolio committee at the Cape Chamber of Commerce and Industry, said: 'Century City has succeeded in ensuring there are people there seven days a week, 365 days a year... What they have done is created a new environment very similar to what you'll find in Manhattan.'
Cape Argus

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