which catapulted property values in that area . “ Development eradicates the environment in which crime and grime grows ”, says Gateway Property Development ’ s , Adam Marcus , adding that with the dumbbell effect of The District on one end and The Palm ’ s Lifestyle Centre on the other , the area in between will also regenerate .
Woodstock forms part of the government ’ s Urban Development Zone , which offers tax incentives to attract capital to the area . “ Derelict buildings and crime seem to go hand-in-hand . We ’ ve noted the successful impact buildings such as The Palms Lifestyle Centre have had on the area and we have every reason to believe that the District will continue the regeneration of this historic precinct ”, says Marcus .
“ The District is made up of four different buildings around a central courtyard giving individual users separate identities within a holistically planned creative community . There is 2,600m 2 of retail space focused around an
interactive courtyard environment which will have cafés much like The Cape Quarter in De Waterkant . 14,500m 2 of A-grade office space will be available of which Ogilvy has taken 4,000m 2 ,” says Gateway Property Developments director , Bradley Marsden , who pitched the idea to Ogilvy ’ s Abel when he heard they were looking to relocate .
“ With Ogilvy ’ s spirit and cutting-edge interiors anchoring the office component , we see other office users also coming from the creative / design orientated industries .”
According to Marsden , the impact of The District is more significant than only signalling the rejuvenation of Woodstock .
“ It also means that A-grade office space will now be available on the periphery of the city , offering less traffic congestion and amazing views of the city , mountain and over the harbour at 20 % less than the equivalent cost of newly built A-grade space .”
Ogilvy Head Office 39