Two large new commercial developments being built in Midrand for over R1billion rand each. Midrand is becoming a great location to house head offices as it sits between Joburg and Pretoria, having one single consolidated office.
“Having headquarters consolidate into one location has many advantages, as less space is required for the same number of employees, owing to the efficiency of new buildings. It also eliminates duplication of facilities and services, such as reception areas, canteens and boardrooms. Further, it improves the culture of the company, as employees are located in a central workplace and Consolidation also cuts operational costs significantly.” Says Knight Frank Area Specialist, Elias Ngoma.
Construction has kicked off on Deloitte’s new Midrand headquarters, currently being built in the upmarket Waterfall Estate. The 42,500 square metre modern offices are expected to be completed in 2020, and Deloitte plans to begin operating from its new base from April 2020. While bulk earthworks for the project began in October this year, the official commencement of development kicked off in November.The building has space capacity for close to 5,000 people and promises Deloitte prominent highway frontage at the eastern side of Waterfall City as well as its clients and talent easy and quick access to its premises.The development consists of a ground floor with six stories of commercial offices and four basement parking levels including nearly 2,000 parking bays. The total estimated development cost is in excess of R1 billion.
The second development will be for PWC’s new Head Offices. The new R1.5 billion high-rise head office at Waterfall City comprises 40 000m² of modern offices, designed to house 3,500 PwC employees in an efficient and optimally designed workplace. The tower will be the tallest structure in the corridor between the Sandton CBD and the Pretoria CBD and is visible from almost anywhere within a 30 km radius.The building has five levels of basement parking, dedicated access roads and overflow parking at the Mall of Africa.The tower is aiming for a silver Leader in Energy and Environmental Design rating, one of the most popular green certification programmes used globally.
For more information on commercial office space in Midrand contact Elias, our area specialist on 011 783 1195.