Transnet plans to move out of its Carlton Centre headquarters in the Joburg central business district to allow for a makeover of the iconic property. It will move to a building at the Waterfall mega-development node near Midrand which is being developed by JSE-listed Attacq. Transnet confirmed the move on Thursday night and said about 1,440 staff would be moving to the new building in Waterfall and would move back to the Carlton Centre after the revamp. Nico Barnard, a town planner at Attacq, said Transnet would be moving into the Group 5 Building in Waterfall. "It has been 18 years since Transnet acquired the precinct for occupation and with capital being limited only critical and preventative maintenance has been undertaken. The buildings in the Carlton precinct are iconic and their redevelopment would be a catalyst for the reinvigoration of the broader Johannesburg CBD, resulting in significant financial value being created together with socioeconomic impact," Transnet spokesman ...

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.