Emira Property Fund has secured another tenant for its flagship office development, Knightsbridge, in the bustling suburb of Bryanston.
Resource company Gold One is among the latest tenants to take offices at Knightsbridge, and Emira has also announced its intention to relocate to the landmark new office park.
The demand-driven, phased redevelopment of Knightsbridge, which started in November 2015, will see the lettable area of the commercial complex increase by a massive 21,700sqm, tripling its size from 9,884sqm. It will be also upgraded from B-grade offices to a quality P-grade, green-rated office park.
Geoff Jennett, CEO, Emira Property Fund, says: "We are delighted to welcome Gold One to Knightsbridge. Its prime location and easy access to the N1 is certainly an attractive feature, and the redevelopment of the offices only serves to further enhance the value, attractiveness and competitiveness of this excellently located property."
Gold One, a mid-tier gold resource company, employs over 2,500 people and the company expects to grow even more with the potential for future development in their Modder East Mine.
Gold One will be joining WSP, which moved into its new headquarters of approximately 5,800sqm at Knightsbridge in the beginning of September. WSP head office was the first of the seven new buildings to be constructed at the park, and is part of the first phase of the development, comprising three buildings.
Emira has also a concluded a transaction which will see both KFC and Pizza Hut head offices in Africa housed in 3,150sqm at Knightsbridge.
Driving Emira's decision to invest in this major redevelopment is the growing prominence of the Bryanston business node, which has become a preferred alternative hub for blue-chip businesses and large, high-quality office users.
Knightsbridge will offer tenants food amenities, central meeting facilities, shared services to support lower occupancy costs, security, access control and CCTV, as well as generous parking, resource-efficient state-of-the-art mechanical and electrical installations, and themed landscaping and roof gardens which provide inspiring views from every building.
"Emira will be moving our own operation to what is now our flagship development. This move highlights the confidence we have in our own development, and I believe that it also speaks to our own journey and reinforces the image of what the company has grown to become today and where we see ourselves in the future. We are well aware of the benefits that quality, green and healthy workplaces offer for businesses and their employees, and we want our team to enjoy the best on offer. We also believe that our offices should truly showcase our brand and be representative of the ever increasing quality of our property portfolio," Jennett concludes.
Emira diversified mid-cap SA REIT invested in 135 properties valued at R13.3 billion that make up a quality, balanced portfolio of office, retail and industrial assets. Emira is also internationally diversified through its direct interest in ASX-listed Growthpoint Properties Australia (GOZ).