Atholl Towers the new green office property development in Sandton

Posted On Tuesday, 16 April 2013 02:32 Published by
Rate this item
(1 Vote)

Atholl Towers in Sandton, Once complete, the building will achieve 4-Star Green Star SA – Office v1 Design certification from the Green Building Council of South Africa (GBCSA).

Atholl Towers Sandton

Over the past decade, sustainable development has emerged as a growing trend among a vigorous interest group to create high-performance, energy-efficient structures that improve tenant and/or owner-occupier comfort and well-being while minimising environmental impacts.

In line with the emerging trend of so-called green leases between landlords and tenants, ALW Estates is currently developing one of its first on spec buildings targeting a 4 Star green rating from the Green Building Council of SA (GBCSA).

There’s a major shift within the property leasing market currently, as landlords look to improve the water and energy efficiencies of their rental properties and tenants seek out greener buildings that promise significant financial benefits. 

With an inherent focus on constructing environmentally-sound buildings, ALW Estates has successfully tapped into this trend, with its latest property – Atholl Towers at 129 Patricia Road in Sandton – effectively offering eco-conscious tenants an opportunity to rent a holistic green building. Once complete, the building will achieve 4-Star Green Star SA – Office v1 Design certification from the Green Building Council of South Africa (GBCSA).

“We believe the building will be one of the first Green Star-rated buildings of this magnitude to be built on spec in South Africa,” explains ALW Estates director, Gary Woolf.

According to the GBCSA and SA Property Owners’ Association (SAPOA) Green Lease Toolkit, research shows that green buildings have large reputational, operational and long-term financial benefits for landlords and tenants, but in different ways.

ALW is currently busy with the second phase of the development; phase one was completed in September last year. Its objectives were to create a future proof, energy efficient building that was environmentally friendly and resource efficient. Added to this, the company wanted to produce a compelling, modern space that would appeal to forward-thinking tenants.

To this end the building will feature a modern, iconic design and open concept spaces. It boasts an energy efficient envelope through highly efficient glazing and insulation, while its energy efficient design incorporates optimised air-conditioning and a central heat recovery system, motion sensor light fittings and hot water generated from waste heat from the aircon system. Otis GeN2 regen drive elevators, which are up to 75% more efficient than non-generative drive lifts, round off the green features.

Phase one of the development was occupied by Volkswagen Group South Africa’s Sales and Marketing operations in September 2011. It too featured many fundamental green principles, including energy efficient glazing, lighting and sanitary fittings. Aside from being environmentally friendly, these features help minimise the running costs of the building.

The development is located on Katherine Street, which is a main arterial into the Sandton CBD. It’s visible from the highway and has unbelievable views across Joburg’s northern suburbs. With excellent access in the form of nearby highways and a Gautrain bus stop right outside, the building is perfectly positioned for corporate headquarters. Atholl Square next door provides access to shopping and restaurants, and the Park Inn Radisson Hotel, four-star accommodation.

Construction on phase two commenced in November 2011 and is scheduled for completion in early 2014.

Most Popular

Anuva Investments launch Section 12J hospitality fund with property partners Flyt Property Investment

Oct 18, 2019
Zane De Decker HR
Investment into Section 12J venture capital vehicles has seen a huge uptake over the last…

Fairvest to become fourth property company to list on A2X

Oct 30, 2019
Fairvest Property Holdings, a real estate investment trust with a market cap of R2…

Property market ready for take-off as bond grants rise

Oct 18, 2019
BetterBonds Mortgage Monitor
Housing demand has continued to gain momentum since the start of the year and in the…

Significant shifts in the Winelands commercial sector

Oct 18, 2019
Caption Somerset West commercial
A decade of corporate semigration and decentralisation fuelled the Winelands commercial…

Equites Property Fund Interim Results

Oct 18, 2019
Andrea Taverna Turisan CEO Equites Property Fund
Equites Property Fund Limited (Equites) today announced distributable earnings for the…

Please publish modules in offcanvas position.