OFFICES
Cape Town
City Centre Revival
Foreshore precinct attracting blue chip tenants
BY DREW HOOK
R
eaffirming the strategic relevance and
increasing appeal of Cape Town’s rapidly
transforming Foreshore area, which is
undergoing considerable revitalisation, two major
corporates have recently concluded lease agreements
through Ikon Property Group for prime office space
in the area.
Pearson Southern Africa, which is part of a
leading global education business, has relocated its
headquarters from Pinelands to occupy a single floor
of 3 180sqm in the refurbished AAA grade Media
City building. Taking a 10 year lease at a competitive
monthly rental of R105 per square metre, they have
moved premises to be in a more central location in
a pleasing environment conducive to staff access and
productivity.
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Commercial Handbook 2016
The Foreshore precinct has been earmarked as the
next major growth node in the Cape Town CBD
as it has convenient accessibility to public transport
– both MyCiti bus service and Cape Town train
station, and being on the periphery of the CBD
it has almost immediate access to the N1 and N2
freeways.
The Chairperson of the Cape Town Central City
Improvement District (CCID), Rob Kane, notes
that a massive re-urbanisation of the Foreshore
area has begun. “As the CCID, we define this
area as stretching from Riebeek Street and Old
Marine Drive down to Table Bay and Nelson
Mandela boulevards, and bordered on either side by
Buitengracht and Christiaan Barnard Street.
“This is going to completely revitalise the
www.reimag.co.za