Redefine Properties’ new fifteen storey Rosebank Link has been completed on schedule with all of its office space fully let. The building is located at 173 Oxford Road in Rosebank, strategically positioned on the doorstep of the Rosebank Gautrain station.
The new tower has an estimated gross lettable area of over 18 000 square meters of office space with approximately 817 square meters of retail on its ground floor.
Global company WeWork will be leasing six floors at Rosebank Link, extending its presence to Africa with this being its first site on the continent.
WeWork’s offices at Rosebank Link will be open to all types of business such as startups, SMEs and large enterprise companies who will take up about 30% of the company’s global membership.
atrick Nelson, Head of Real Estate for WeWork EMEA comments:
“We are thrilled to announce our expansion to South Africa with Rosebank Link in Johannesburg. Not only are we entering a brand new city with plentiful opportunities for our members but expanding here is significant for our company in terms of our global expansion – Africa is the sixth continent for WeWork, so this is a very exciting moment for us.
As we continue our growth, we are also committed to sharing the upside with our landlord partners, so are especially pleased to be partnering with Redefine Properties in a revenue-share agreement that allows both parties to benefit from the revenue WeWork’s presence in the building will generate.”
Other tenants at Rosebank Link include Covington SA, Jellyfish, Value Capital and GMG.
“The highly successful letting of Rosebank Link makes us extremely proud. It underscores the fact that despite a challenging leasing environment, the combination of a top quality asset and unique location will always attract premium tenants,” says Pieter Strydom, Commercial Asset Manager, Redefine Properties.
“It is our second ground breaking project after Rosebank Towers to be built on risk and its success is a testament to our strategic insight, commitment and belief that Rosebank is a dynamic growth node with opportunities waiting to be unlocked.”
“Furthermore, the demand for flexibility makes collaborative work spaces appealing to entrepreneurs, small and medium enterprise as well as agile corporates looking to stay nimble. Increasingly, a number of innovative teams at leading corporates are also moving to inspiring spaces that are fast become habitats for sharing ideas and co-creation,” adds Strydom.
Rosebank Link with its expressive steel and glass clad shell provides high level of environmental control within the office space maximising available natural light and as a direct consequence reduce energy consumption.
At the heart of the building is a multi-storey enclosed north facing atrium fashioned to capture the abundant sunlight filtering down to the ground floor thoroughfare. This creates a conduit for a combination of green walls and plants brought to life in executive roof gardens terraces, podium level garden terraces and parkade wall gardens that allow for a tranquil environment not normally afforded in multi-storey buildings.
The building consists of two basement parking levels, with additional parking levels above ground, a ground floor public/retail level, five parkade levels and eight stories of offices above a podium level. Rosebank Link offers parking at 4.8 bays per 100sqm in line with a premium grade property.
“We have delivered a building which is not only sustainable but also high on innovation and is 4 Star Green rated,” concludes Strydom.