Waterfall Business Estate Grows With More Development Deals

Development is progressing apace at Atterbury Property Developments’ most ambitious project so far – the Waterfall Business Estate.

“Two prime convenience centres will open early in 2014, and new offices are coming to market and being snapped up by blue-chip businesses,” says Atterbury Property Developments Director Coenie Bezuidenhout, who is responsible for coordinating the extensive Waterfall Business Estate.

Bezuidenhout confirms a further four deals have been concluded on bespoke premises for quality tenants – Premier Foods, Dräger, City Lodge and Westcon Group. In addition, construction of another office building commenced last month in anticipation of even more demand.

Situated on a prime retail site on the corner of Maxwell Drive and Woodmead Drive, the impressive 9,000sqm Waterfall Corner will feature Woolworths and Checkers as anchor tenants.

“We’re excited to welcome these leading retailers,” says Bezuidenhout. “Woolworths will operate in 1,571sqm and Checkers in 3,402sqm of this exciting retail opportunity.”

Ideally positioned to serve the large catchment areas of Woodmead, Kyalami and Midrand, Waterfall Corner will make it easy for shoppers to pop in for their daily shopping needs from April 2014. It also features a generous piazza at its heart – a vibrant public space buzzing with activity, creating a lively family-orientated shopping, eating and relaxing destination.

Bezuidenhout says: “The architecture of Waterfall Corner is clean, contemporary and honest. It uses natural materials like stone, concrete and steel and is designed with a cool and modern colour palette.”

Prominent health club brand Virgin Active will lead Waterfall Lifestyle Corner – a sport-focused retail value centre – in 4,250sqm. Set to open in March 2014, the entire Waterfall Lifestyle Corner will span 9,000sqm.

Furthering the development of office space at Waterfall Business Estate, Atterbury broke ground on the second phase of the A-grade Maxwell Office Park in August this year. This phase includes 8,000sqm of office space in two buildings. Both are due for completion in June 2014.

Already, Premier Foods has confirmed its take-up of the entire 4,000sqm in one of these office buildings. And, it will be in good company. Tenants in the first phase of Maxwell Office Park include Golder & Associates, Cipla, Attacq and Atterbury Property Group itself.

Atterbury is developing a new facility for international company in the fields of medical and safety technology, Dräger, in Waterfall Commercial District. Spanning a prime 4,600sqm right on the K101, it comprises 3,175sqm of offices with a 1,500sqm warehouse and will be ready for occupation in November 2014.

In Waterfall Logistics Precinct, Atterbury is developing 7,500sqm of tailor-made space for Westcon Group. Westcon Group is a leading distributor of high-value, high-demand, consumer and business technology solutions throughout South Africa and the African continent. Set for occupation in September 2014, the facility incorporates a 4,000sqm warehouse and 3,500sqm of offices.

Then, supporting the rapid commercial development at Waterfall Business Estate, as well as the precinct’s buoyant residential growth, Atterbury is developing a 150-room hotel for City Lodge. The 6,180sqm hotel in Waterfall City will be ready for occupation in November 2014.

Bezuidenhout says Waterfall Business Estate is fielding numerous enquiries for medium-sized offices and warehouses between 5,000 and 12,000 sqm. “We have also had considerable interest from companies in the pharmaceutical, IT and telecommunications industries,” he says.

The node’s growing popularity with business is supported by the large investment to extend the infrastructure in the area, notably the R13,2 million upgrade to the Allandale and K101 extension, which commenced in August 2013.