Growthpoint’s 144 Oxford likely to be area’s last major development for years
The group, which owns about R80bn worth of assets in SA, plans to open a R1bn premium grade office building in Rosebank
SA’s biggest property company Growthpoint’s new office development in Rosebank, 144 Oxford, is large enough to contain six football fields and looks set to be the last premium-grade commercial building to open in the burgeoning node and its adjacent suburbs for at least the next five years.
Growthpoint Properties SA CEO Estienne de Klerk said the 38,000m² office building, worth about R1bn, will open in November. A large portion of it will have been “built on spec”, but the company's other developments planned for this year and next will be driven by demand from specific tenants, he said.