Waterfall’s Iconic Gateway West Building Welcomes Global Tenants

Posted On Wednesday, 07 March 2018 10:50 Published by
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Attacq, developers and managers of Waterfall City, today announced that’s its Iconic Gateway West building was well on track to being fully let and is currently at 70% occupancy.

TMP-C5DM31-45133_This follows the steady flow of leading global corporate brands taking up residence in what is already becoming Gauteng’s fastest growing business node.

Since its completion in early November 2017, Waterfall’s Gateway West building has received a lot of attention and acclaim. One of two identical buildings, the 13 611 m² structure’s ultra-modern architecture, coupled with its emphasis on green design, stands as a testament to Waterfall’s commitment to the very best in sustainability and urban design.

The building prioritises a number of green building focused measures, including its façade design which reduces conductive heat, allowing the buildings radiant temperature to remain low throughout the year. Gateway West also received a Gold LEED (Leadership in Energy and Environmental and Design) rating.

Sage, established in 23 countries around the world and the global market leader for technology that helps businesses of all sizes, manage everything from money to people, will occupy the top three floors in Gateway West. This follows the business management firm’s decision to relocate its regional head office from Woodmead to the trendy and efficient Waterfall precinct.

“Our new offices in the Waterfall precinct offer us a more collaborative working space, facilitating closer interaction between our colleagues,” says Pieter Bensch, Executive Vice President, Africa & Middle East at Sage. “It will support our drive to build a high-speed, high-performance culture and to deliver an outstanding customer experience to Africa’s entrepreneurs and business builders.”

In keeping with the theme of collaborative offices, IWG Plc., the global leader for flexible work space, expanded its “Spaces” brand in South Africa by taking up the ground and first floors in the Gateway West building. Spaces, a subsidiary of IWG, now operates a network of centres across more than 60 cities worldwide and counts Uber, Paypal, and GoPro among its global clients.

“The new offices will support Spaces’ network expansion into South Africa as demand for flexible workspaces continues to increase, especially in Gauteng, the economic hub of the Country. Gateway’s industry-leading design and prioritisation of operational efficiency in how water, heat and energy are utilised is directly in line with IWG’s pursuits of cutting-edge, inspirational work places that support effective working,” adds IWG CEO, Mark Dixon.

Last but not least, ACI Worldwide a leading global provider of real-time electronic payment and banking solutions will also take up offices in the Gateway West building.

Acting CEO of Attacq, Melt Hamman, concludes, “Gateway West – and its soon to be built sister, Gateway East – are progressive statements of modern architecture. The central piazza, designed to include a corporate square and urban green open space for the buildings, really delivers on our mandate to bring the best of global urban design principles to South African developments.  It is truly encouraging therefore, to see how many global industry leaders recognise this and have chosen our efficient, walkable and inter-connected city as their new homes.”   

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About Waterfall

Waterfall is the latest growth node of Gauteng, the economic hub of the African continent. Poised to be the new CBD of Gauteng, the largest urban concept development – Waterfall offers the ultimate work-Life balance. Waterfall is rapidly developing into a true lifestyle and blue-chip business destination between the metropolises of Johannesburg and Pretoria.

Waterfall City, the CBD of Waterfall is conveniently located at the Allandale Road exit. This new commercial hub of Gauteng boasts the largest single-phase mall in Africa, appropriately named The Mall of Africa. Boasting over 300 shops, with substantial anchor tenants and a carefully selected retail mix, Mall of Africa offers a shopping experience like no other, ensuring a well-balanced variety of local and leading international brands.

At Waterfall, the state-of-the-art spatial design is taken to the next level. Beautiful green surroundings, provide the ideal setting to live, work and play. Green building design and many lifestyle features including running lanes and a luscious green park, ensures the enjoyment of nature as part of this modern destination development.

Good visibility and accessibility makes Waterfall Logistics Hub an attractive location for ultra-modern light and high-tech industrial, logistics and distribution business. The ability to have cross-functional teams on one site enables seamless collaboration, improved productivity and increased customer satisfaction. Among the leading brands that have made Waterfall their home are PWC, Deloitte and Dimension Data. The BMW Group SA’s purpose-built regional distribution facility has also been completed, with the location providing a strategic servicing advantage. Waterfall also has an impressive track record of securing large-scale deals and delivering high-quality, purpose-built developments.

About Attacq

Attacq is a premium quality property company in the real estate sector, founded in 2005 and acquired the Waterfall development rights in 2008. The company listed on the Johannesburg Stock Exchange in 2013. 

Attacq delivers exceptional and sustainable growth to its investors through its strategic property holdings and developments and has a total asset value exceeding R28.2 billion and a market capitalisation of  R14.3 billion (as at 5 March 2018). Attacq has a quality investment portfolio that includes landmark commercial and retail property investments and a 22.7% shareholding in MAS Real Estate Inc.

Mall of Africa (80% Attacq-owned) opened on 28 April 2016, as the largest first phase mall development on the continent and a benchmark retail destination located in Waterfall City.

Situated at the Northern entrance to the Mall of Africa, Gateway West provides unparalleled access to all the amenities the City has to offer.  This makes it the ideal location for corporates who place a strong emphasis on work life balance.

Last modified on Wednesday, 07 March 2018 17:26

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