Property boom: 144 on Oxford has everything going for it
The South African property sector has continued to thrive this year, after Growthpoint Properties commenced with the excavation of the new 35,000sqm premium-grade office development in Rosebank, called 144 Oxford.
Growthpoint Properties Office Division Director, Rudolf Pienaar, said this new development had everything going for it - from prime location to accessibility.
The 144 Oxford will feature two P-grade office towers of some 17,500sqm each. All of this is located directly opposite the landmark Hyatt Regency, and a short walk from the Rosebank Gautrain Station and other public transport which is plentiful in this well pedestrianised quarter.
"We are excited to develop this new prime property with its prominent Oxford Road address and unrivalled exposure. Growthpoint is creating high-performance workspace in a sustainable office building designed for leading businesses that want to position themselves optimally for productivity and staff retention and enjoy a healthy and energising working environment where their business, people and partners can thrive," said Rudolf.
As much as this is a major economic opportunity for the developers, environmental innovation remains at the forefront of Growthpoint's thinking.
"The 144 Oxford continues its environmental innovation with Growthpoint targeting a 4 Star Green Star SA rating from the Green Building Council of South Africa (GBCSA) for the development," added Rudolf.
Head of Development at Growthpoint, Pieter Engelbrecht, echoed similar sentiments.
"Growthpoint is going from strength to strength in property development and has grown a respected reputation for delivering prestigious, award-winning, green building and other quality and custom-built development projects. We have built up strong development skills and capacity within our team, and the magnificent 144 Oxford will benefit from this expertise," said Engelbrecht.
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