Perspective of Loftus Park
JSE listed property investment and development company, Pivotal Property Fund (‘Pivotal’) and Abland Proprietary Limited (‘Abland’), broke ground on their Loftus Park development today. 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 located 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 shopping and working experience with back-up generators, emergency water storage as well as top connectivity 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.