Johannesburg, South Africa – February 2017: JSE-listed diversified real estate investment trust Redefine Properties (JSE: RDF) has announced plans for Rosebank Link, a new 15 storey office tower located at 173 Oxford Road in the heart of bustling and cosmopolitan Rosebank.
The building will offer tenants a unique location immediately adjacent to the Gautrain Station, The Zone and Rosebank Mall and has been planned for an estimated gross lettable area of over 19 000 sqm of office space with approximately 817sqm of retail on the ground floor.
Aptly named Rosebank Link, the building will have a direct, convenient and safe access to the Gautrain Station through a ground level landscaped pedestrianised thoroughfare. The project will see the existing building transformed into an expressive steel and glass clad structure, a signature visual that will have an imposing presence on the skyline.
Construction of the new building commenced with demolitions during July 2016 and is expected to be completed by the end of 2018.
Once completed, the building will stand a total of 15 storeys above ground with a parking ratio of approximately four and a half bays per 100sqm. The development features two basement parking levels, five parkade levels above ground and a ground floor retail level with eight storeys of offices above the podium level.
"We strongly believe that the quality and location of Rosebank Link will be attractive to a wide range of potential tenants and dovetails with our strategy to become the landlord of choice for premium space in sought after nodes like Rosebank," says Andrew Konig, CEO, Redefine Properties.
"The future demand for Premium and A-grade office space in Rosebank is anticipated to rise significantly. We are excited about introducing this icon to Rosebank's skyline," adds Konig.
Rosebank with its recent facelift from an older office node to a mixed-use precinct is attracting tenants looking to move out of their outdated and inefficient office spaces to more modern and Green Star rated properties. Rosebank Link is targeting a four-star Green Star rating, as demand for such sustainable building continues to grow.
In addition to the development's focus on sustainable building, Rosebank Link is also designed to get as much daylight as possible deep into the building. At the heart is a multi-storey enclosed north facing atrium fashioned to capture sunlight.
Indigenous plants on the roof are part of the overall design of the development. The green roofs will complement the installed energy and resource efficient HVAC systems. With this we have literally taken greenery to new heights, says Konig.
Contributing further to Rosebank Link's green credentials include smart metering throughout, motion sensor based internal lighting, backup water and full back up on-site power generation.
"The leasing velocity in Rosebank is underpinned by fundamental demand conditions of accessibility, affordability and amenities. Our continued investment in Rosebank is a testament to the strength of the node and our confidence in its future growth," says Konig in conclusion.