One of the most iconic buildings in the Johannesburg CBD, Turbine Hall was originally the largest of Johannesburg’s three steam-driven power stations, and now this magnificent venue hosts numerous events and houses the head office of Anglo Gold Ashanti. It also offers arguably the sexiest office space in Jozi. Atterbury asset manager, Adelene van der Westhuizen tells us more.
How old is the original structure and where is it situated exactly?
Turbine Hall was built between 1927 and 1934, and it is right in the heart of Newtown’s art and culture precinct, on Ntemi Piliso Street, in close proximity to Newtown Junction, the Market Theatre and Museum Africa.
How much office space is there, and what makes this building so desirable?
The building consists of 21 500sqm leasable area of office space. The location is extremely convenient, and the building has that steampunk magic of an original industrial heritage that has been preserved with great care, while being transformed into an airy, bright contemporary space. Previously it has hosted numerous high-end events, from South African Fashion Week to the RMB Turbine Art Fair and is also a popular wedding destination.
How did Atterbury become involved with Turbine Hall and what exactly is its role? There was no development, am I right?
This is very much a “matter of association” involvement for Atterbury. Turbine Hall is part of the Divercity Urban Property Fund of which Atterbury is a shareholder along with Ithemba Property and Talis Property Fund with strategic partners RMH Property and Nedbank Property Partners.
Are there existing tenants in the office space – how much space is currently let?
Currently Anglo Gold Ashanti houses their 15 000sqm head office in Turbine Hall; there’s also a 3 000sqm section of the Office of the Premier of Gauteng, as well as a smaller tenant trading as Lipco.
What category of tenants are you targeting for office space in Turbine Hall?
Larger commercial tenants that operate in the CBD.
Are there any future plans for Turbine Hall that you can share?
From a management perspective Divercity is now directly involved in the Newtown Improvement District to ensure the cleanliness and security in the greater Newtown area and to beautify the area as well as to ensure that Turbine Hall remains an historical landmark attraction as part of the Cultural Newtown District.
If anyone is interested in office space in Turbine Hall, who do they contact?
They can contact Monique DellErba of AttX at Monique.Dellerba@attx.co.za