Knightsbridge Manor office park in Bryanston is undergoing a R79m redevelopment by Emira Property Fund.
The three-phase redevelopment will create a P-grade (premium quality) office park with a minimum four-star Green Star rating from the Green Building Council SA. The development will be renamed Knightsbridge.
With a prime location in Sloane Street opposite the Didata Campus, the commercial complex will more than triple in size to 29,352m2 of gross leasable area. Redevelopment started in November 2015 and is being undertaken in phases. The first of seven new buildings should be completed by about May 2017.
Geoff Jennett, CEO, Emira Property Fund, says, “Our ground-breaking redevelopment of Knightsbridge supports Emira’s strategy of improving the quality of B-grade office stock. It will increase the value, attractiveness and competitiveness of this excellently located property.
“Bryanston is fast becoming the preferred alternative to Sandton for blue-chip businesses and large A-grade and P-grade office users.”
Bryanston is the fourth-largest office node in Johannesburg after the CBD, Sandton and Midrand. The South African Property Owners Association says Bryanston’s office vacancies were 7.2% for Q4 2015, compared with a national average of 10.5%.
This article originally appeared in Neighbourhood, Sunday Times.
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