In one of the major unlisted real-estate transactions of 2017, Barloworld, Atterbury and African Rainbow Capital have partnered as co-investors in the redevelopment of the prime Barlow Park Campus, located at 180 Katherine Street, Sandton. Few private owners of commercial property have shown a willingness to sell portfolios to listed groups, with many choosing to re-develop their holdings. The joint-venture property investment and development deal was signed this week. The next step is the re-zoning of the property, which is expected to take at least a year, and will see the new Barlow Park Campus grow to be worth more than R3bn. The investment value will climb to well over R3bn when the total redevelopment of the sprawling corporate park is rolled out into a vibrant 130,000m² mixed-use precinct. The development could include about 55,000m² of offices, over 780 residential units, a roughly 10,000m² community retail centre, as well as a hotel and a gym. It will be phased, and is set ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.