News from Inframax
INFRAMAX DEVELOPING A R50 MILLION OFFICE COMPLEX AT SUNNINGHILL FOR PANGBOURNE
In a major swing from the residential developments with which their Gauteng operation has traditionally been associated, Inframax Developments are going ahead with an uncompromisingly modern triple A grade R50 million development, to be known as The District, and the Pangbourne Group has signed a deal to take over ownership of the building on completion.
The site chosen for this three storey building is just off the Rivonia Road North Extension that leads into Sunninghill. The site covers 7,700m2. The area, a natural extension to the Rivonia CBD, has proved extremely popular in recent years with developers and the site acquired by Inframax was, in fact, the last available there.
John Weaver, a director of Inframax Developments with responsibility for their projects throughout South Africa, said that this was the first time that his group had done a deal with Pangbourne - and he hopes that it will lead to a long term relationship between the two companies.
Pangbourne has a portfolio with a value of R 11 billion and a development pipeline of R2,5 billion.
Fritz van Graan, who manages the Inframax Gauteng operation, said that his groups success in the last five years in all five of South Africas major centres had stemmed largely from being in touch with the market, which, he added, is now swinging away from residential property to commercial, industrial and retail property.
"The District, he said, will meet the growing call for A grade space and its prime position in this very prestigious area will suit a wide range of potential office users.
The new building will be H-shaped and have 4,600m2 of office space. The two main blocks will be linked by a semi-glazed central atrium with lifts and an avant garde foyer. The office areas will be suited to open plan layouts and will be centrally air-conditioned. A parking basement will provide space for 84 vehicles and a further 116 parking bays will be available on site. The property will be enclosed in an alarmed security fence in which there will be only one entrance and this will be controlled.
Inframaxs architect for the project, Kim Fairburn, has opted for a flat roof design with plastered façades largely devoid of decoration but which will be decorated in neutral tone Highveld colours. For its impact, said van Graan, the building will rely largely on its beautifully harmonious shapes in which some sections of the façade have been accentuated or recessed. Relatively small windows will reduce air-conditioning costs and the design will assist in keeping running and maintenance costs in check.
Asked how the new development fits into Inframaxs plans for 2008, Weaver said that the company foresees Gauteng beginning to rival KwaZulu Natal as its main field of operation in the coming years. The District, he added, is one of 17 projects that should enable Inframax to turnover R296 million in the current year - and at this stage the company is confident of maintaining turnover at approximately this level in 2008/2009.
Tenant enquiries for The District should be directed to
Anton Hartman on 083 457 7779.