RUBICON TO CONSOLIDATE IN RICHMOND PARK
Atterbury will develop a new 9,300m 2 distribution and office facility to consolidate sustainable technology company Rubicon into new headquarters in Richmond Park , Milnerton , Cape Town .
Rubicon will combine its operations , currently spread across six different locations in the Mother City , into one tailor-made facility that includes a 7,900m 2 warehouse and 1,400m 2 of offices incorporating a 250m 2 showroom . Construction of the facility will commence in November 2021 for completion and occupation in mid-2022 .
The new Rubicon headquarters will benefit from great exposure , boosting brand awareness . Richmond Park provides exceptional accessibility , with upgraded road access from both the N1 and N7 highways . The new facility also provides the necessary flexibility to accommodate Rubicon ’ s future growth with 1,200m 2 of expansion potential and additional parking capacity to match .
Rubicon is joining a growing line-up of leading names associated with the popular 84ha Richmond Park development , which include
Aramex , Cape Fruit Coolers , CTM , Mustek , Scoop , ACDC Dynamics , Corex , Sequence Logistics , Takealot , getWorth and the Richmond Corner convenience centre .
Gerrit van den Berg , Atterbury Head of Developments for the Western Cape , confirms that the leading real estate developer is investing in more infrastructure at Richmond Park . Atterbury , which is rolling out the multibillion Rand Richmond Park development on behalf of the various shareholders , has delivered excellent tailormade development solutions , including property development , investment and asset management in South Africa and internationally for 27 years .“
In response to demand , Atterbury is adding services to Richmond Park ’ s southern precinct , including centralised water pumps and tanks . With our R37 million investment for servicing this portion of the development , we are unlocking an additional 50,000m 2 of development potential ,” says van den Berg .
WHARFSIDE , DURBAN POINT WATERFRONT
Wharfside is situated in the Durban Point Waterfront , within walking distance of the newly commissioned beachfront promenade , the popular uShaka Marine World , soon to be completed MSC Cruise Liner Passenger Terminal and the recently approved Durban Eye Ferris Wheel attraction .
Under development by FWJK , this 7,500m ² mixed-use development delivers 111 apartments and a variety of ground floor retail spaces . Wharfside celebrates the architectural heritage of the Durban Point Waterfront , dedicating its entire street level façade to restoring the original Victorian and Art Deco architecture that once stood there . The building design eloquently balances contemporary architectural concepts with the relaxed coastal resort-like feel that Durban is renowned for .
Apartments range from 32m ² studios to 102m ² three beds with an array of 1-bed and 2-bed configurations . Taking full advantage of its position and Durban ’ s subtropical climate , each apartment enjoys a private balcony with unparalleled views of either the working harbour to the west or Indian Ocean to the east . In addition to their private balconies each of the penthouse apartments are allocated exclusive roof top terraces with their own braai area and jacuzzi . This flagship development has been meticulously planned to maximise its unparalleled views - offering investors the quintessential ocean side living experience .
Wharfside offers a range of facilities , including an open terrace pool and clubhouse area , communal green spaces , concierge and laundry services , a state-of-the-art gym , 24-hour manned security , smart access control and ample off-street parking .
The development investment structure is FWJK ’ s highly successful Co-development at Cost model which facilitates property investment at cost price with no added developer ’ s profit .
Wharfside is specifically designed to target the short-term rental market with a projected return on investment of 14 % per annum .
Project Watch 19