Real Estate Investor Magazine South Africa April 2014 | Page 47

COMMERCIAL
In the same vein, infrastructural improvements
such as t hose wh ich seek to a l lev iate t ra f f ic
congest ion a nd inc rease accessibi l it y a nd
convenience provide benef its for off ice users. For
example, the upgraded A l landa le interchange
provides an incentive for corporates to move to areas
such as Waterfall Office Park.

tend to have a lifespan of 10-15 years before they
become dated and are replaced, and we are seeing an
inner movement within Sandton with corporate and
office tenants relocating just 500m down the road to
secure more modern, prime accommodation.

“In the last 15 years it has seen
unprecedented development by
a limited number of developers
on the back of a strong tenant

The relocation of various large corporates in the
nearby vicinity adds to the appeal as many clients,
suppliers and associated industries will look to be
close to their business partners, thereby creating
good demand for space in well-positioned areas.
C onsider how Br y a nston ha s e volved f rom
residential and offices and a very upmarket shopping
centre to almost become a CBD on its own.
Randburg is also interesting as it has evolved out
of a transport hub and with retail, commercial and
government off ices, is becoming a key node of its
own. Sandton is an interesting case in point, as this
area is going through another cycle in its life.
In the last 15 years it has seen unprecedented
development by a limited number of developers on
the back of a strong tenant demand. Buildings here

For example, Alexander Forbes has moved just two
blocks from a 26 000 square metre space to the same
size office accommodation a short distance away. The
reason is the dynamics of the area have changed, and
businesses such as these are positioning themselves
in new, better quality offices in a financial district at
the ‘gateway’ to Sandton and in close proximity to
the Gautrain station.

RESOURCES
JHI Properties

The Waterfall Office Park.
www.reimag.co.za

REALE ESTATE BUSINESS DIRECTORY

April 2014 SA Real Estate Investor

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