Construction of the Grosvenor Square worth US$10.95m has begun. The office park will be located at the Century City in Cape Town and will target small and medium tenants.
This construction project was designed by Tim Hughes Architect and will span a total of 5364m2, comprising of five buildings that will harbor A-grade low rise offices. These will be located around a picturesque courtyard and buyers will have flexible options for the spaces, ranging from 90 to 2000m2.
Construction will involve the setting up of 170 basement parking bays and 30 open parking bays on a ratio of 4 per 100m2. Units will be sold at US $2,005.86 with parking space included and tenant installation.
The location of the building makes it convenient as it is being built on high visibility site that is really sought after by developers and is boarded by two distinct roads: Century Boulevard and Century Way.
According to the Project Manager for Rabie Property Group Kutlwano Rasodi, Grosvenor Square is being built with the aim of meeting demand for space in the fast growing region. This was also motivated by the fast selling of neighboring Quays office development that comprises of standalone buildings for large users.
The new construction project is under Murray $ Roberts and is expected to be completed by September 2015.
