On the eve of Atterbury’s move to our contemporary new head office at Die Klubhuis in Pretoria, I think it is apt to reflect on where we came from and where to from here.
A strategic decision was taken to consolidate the Atterbury Pretoria and Johannesburg offices and for the entire Atterbury Gauteng team to operate from a central hub. Although we have decided to close the Johannesburg office, we retain our focus on our existing, very important Johannesburg relationships and strategic projects in Johannesburg.
I’m privileged to lead a highly skilled and motivated development team and work with leading architects, space planners, engineers and other professionals on a daily basis. A big part of our success is attributed to the fact that Atterbury’s development team manages the entire project development cycle. This encompasses land acquisition, rights procurement, local authority approvals, feasibility studies, design development, tenant interaction and the management of professional and construction teams, ensuring a unique Atterbury approach. Our leasing team handles the securing of tenants and broker liaison.
When we last counted, Atterbury had developed almost two million square metres of some of South Africa’s prime commercial, retail and mixed-use developments over the past 23 years.
Our development pipeline is strong and we continue to be forward thinking, innovative and creative. Current global market conditions neccesitates innovative thinking on structuring of deals, increased efficiencies and green thinking to ensure that we offer the best solutions to our clients.
Where to from here?
There is an exciting array of projects in our development pipeline. These cover the full spectrum of the property market.
Together with Old Mutual, we will be developing an industrial park called Old Mint industrial next to the Mint on the N1 between Johannesburg and Pretoria. Then there is Randport Industrial on the N3 at Gosforth Park near Germiston, where we are ready to break ground on another 100 000sqm of industrial land.
Precinct 14, a 71 000sqm mixed-use development, is set to happen in Fairlands, Johannesburg and some big mixed-use projects are being planned in other parts of the city.
The impressive PwC Tower will be complete by the end of the year and the sod-turning for Deloitte’s new Gauteng head office at Waterfall City will take place before the end of 2017.
In Pretoria East, an exciting array of retail opportunities are currently in the planning stage and we look forward to developing those. The Erasmus land bordering the N1 and R21 in Pretoria was acquired in 2016 and it is set to become another Atterbury landmark. A master plan for a large mixed-use scheme is in an advanced stage of development. We will be developing around 200 000 – 300 000sqm of buildings in the foreseeable future on that site. During the first phase the retail component will be developed, followed by commercial and residential developments.
In the Western Cape, construction recently commenced on the R44 just outside Stellenbosch, where we are busy with Mediclinic as well as Trumali House. We are about to break ground on the Richmond Park land in Cape Town where CTM and Mustek will turn the first sods some time in October.
The development team is very busy – lots to do – locally as well as in other parts of the world.
Despite the really tough market conditions, we remain positive and are working hard to roll out our substantial pipeline of top-quality developments.