Gleneagle Office Park – a booming property investment

  • 10 July 2015

The Gleneagle Office Park space is now almost fully utilised by tenants. The office space is at the centre of a bustling metropolis, with close proximity to the OR Tambo International Airport, the Gautrain and the R21 and R23 highways.

 

Key features of the Gleneagle Office Park, created by the Riverfields Development Company as part of the 1 900ha Riverfields urban development node in Ekurhuleni, include 24-hour security and parking, top-end (and environmentally friendly) design and finishes, and units available both for the rental and buyer market.

Says ADA Urban Design’s project architect, Steve Orbell, about the office space and tenant profile: “The development of high-end office space is integral to the development of the whole Riverfields node. The tenants are varied, from local neighbouring to international tenants.”

Riverfields is now a hub for residential, commercial and retail developments. Apart from its proximity to the airport and other transport infrastructure, it is close to convenient places such as schools, shopping centres and hospitals.

Need more convincing on the investment opportunities of this area? In his 2015 State of the City address, Ekurhuleni executive mayor Mondli Gungubele said: “We will be intensifying infrastructure investments to reduce backlogs and address additional infrastructure requirements for new investments.” The city and province have prioritised this area for infrastructure investment and land sales in the area show that it is already outperforming neighbouring areas.

No. 7 Gleneagle Office Park still has three rentable units available ranging from 77,2m², 164 m² and 196m² with covered and open parking options. Rental rates are R115/m². No. 2 Gleneagle Office Park still has 1 unit of 277m² available at R110/m².

Owner-developed options are also still available for the property investor.

For more information, contact +27 (0)11 391 0039 or submit an enquiry to info@riverfields.co.za