Atterbury Property Group has won the tender to develop a new Gauteng office for professional services firm, Deloitte.
Atterbury is developing the new Deloitte sizeable purpose-developed office on behalf of a 50/50 joint venture between co-owners Atterbury and JSE-listed real estate capital growth fund Attacq Limited.
Deloitte’s new premises will be developed in Waterfall in Midrand, Gauteng joining a number of leading corporates consolidating their operations in that area, including PwC.
The total estimated development cost is in excess of R1 billion.
Mike Jarvis, COO of Deloitte Africa, said: “The consolidation of our Johannesburg and Pretoria offices into one Gauteng office in Waterfall City promises to be an exciting journey.”
“We are quickly outgrowing both existing office spaces and are now in a position to bring together approximately 3,700 of our people into one, new, custom-designed building in what is clearly an attractive corporate destination.”
The new premises will comprise 42 500m² of \workspace, which will consolidate Deloitte’s current Woodmead and Pretoria offices in a single central location. The building has space capacity for close to 5,000 people.
The new building will be located right on the Allandale interchange of the N1 highway, at the eastern side of Waterfall City.
The building will consist of a ground floor with six stories of offices and four basement parking levels including nearly 2,000 parking bays.
Bulk earthworks for the project will start in August 2017, with construction commencing on Deloitte’s new Gauteng office in the final quarter of this year.
The development will be complete in the first quarter of 2020. Deloitte will begin operating from its new South African base from April 2020.