Pivotal Property Fund and Abland break ground on Loftus Park mixed-use development

Posted On Friday, 18 September 2015 12:20 Published by
Rate this item
(0 votes)

JSE listed property investment and development company, Pivotal Property Fund and Abland Proprietary Limited, broke ground on their Loftus Park development.

Loftus_Park2

This exciting and dynamic mixed-use development is adjacent to the home of the Blue Bulls, the iconic Loftus Versfeld sports stadium. The development is co-owned in equal share by Pivotal and Abland, with Abland being appointed the property developers. 

The quintessential development will comprise of A and Premium grade commercial office space, a world-class public exhibition centre, an elegant craft brewery, retail, a Virgin Active gym and restaurants surrounding an open air piazza, thereby creating an energetic and vibrant atmosphere.    

Jackie van Niekerk, CEO of Pivotal commented: “We are very excited about this unique development, secured by Abland, and believe we’ve raised the bar with an exceptional mixed-use concept locat ed in the heart of one of our country’s richest historical rugby institutions.   

 With Loftus Versfeld, an iconic landmark in the city and the heartbeat of Tshwane and adjacent to Loftus  park, the development is in an exclusive location with excellent proximity to the Union Buildings, embassies, the University of Pretoria and various prestigious schools and hospitals.”  

Loftus Park is convenient, and easily accessible, from all major transportation routes in Gauteng. The close proximity to the Hatfield Gautrain station connects Loftus Park to Centurion, Rosebank, Sandton, Johannesburg and OR Tambo International Airport.  

The latest sustainable green building practices will be used and energy efficient technologies will be implemented to save utility costs for the prospective tenant. This should ensure a Green Star rating, a landmark of excellence for environmentally sustainable buildings, for Loftus Park.  

“Loftus Park will make provision for an uninterrupted s hopping and working experience with backup generators, emergency water storage as well as top c onnectivity through a state-of-the-art IT system,” concluded van Niekerk.

Construction will commence in the first quarter of 2016 and the completion of phase 1 should be in the last quarter of 2017. Abreal will be appointed as the property management company upon completion.

Last modified on Saturday, 19 September 2015 08:46

Most Popular

Tshwane Regional Mall Grand Opening date set

Aug 31, 2019
  TSHWANE REGIONAL  MALL
24th October 2019, the long-awaited day earmarked for the grand opening of Tshwane…

Attacq Ltd and Tricolt break ground on Ellipse Waterfall

Aug 30, 2019
 13 2
Today Attacq Ltd the JSE listed REIT developing Waterfall City, and Waterfall Logistics…

Redefine Properties appoints Daisy Naidoo as independent non-executive director

Aug 30, 2019
 STRATE 1
Redefine Properties appoints Daisy Naidoo as independent non-executive director.

Founder Marc Wainer retires from Redefine Properties

Aug 31, 2019
 MARC WAINER
JSE listed diversified real estate investment trust Redefine Properties today announced…

Eris Property Group appoints successive CEO Barend de Loor

Aug 30, 2019
 BAREND DE LOOR
Eris Property Group has appointed a new Chief Executive Officer (CEO). Barend de Loor…

Please publish modules in offcanvas position.