{"id":158111,"date":"2017-02-16T10:44:45","date_gmt":"2017-02-16T08:44:45","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=158111"},"modified":"2017-02-16T11:45:46","modified_gmt":"2017-02-16T09:45:46","slug":"commercial-property-giant-targets-change-in-working-patterns-in-sa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/158111\/commercial-property-giant-targets-change-in-working-patterns-in-sa\/","title":{"rendered":"Commercial property giant targets change in working patterns in SA"},"content":{"rendered":"

JSE-listed REIT Growthpoint Properties aims to benefit from the changing office arrangements and work environments in South Africa by offering ‘co-working’ spaces.
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“Thanks to their cost-efficiency, flexibility, and often inspiring environments, co-working spaces are attracting a growing user base from businesses big and small, locally and globally,” the group said in a statement on Thursday (16 February).
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Growthpoint Properties said it aims to meet the working needs of modern businesses, professionals and entrepreneurs by partnering with local co-working space company OPEN in a 50\/50 joint venture.
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“Co-working spaces solve the need for space for meetings, working at a desk, audio-visual needs, and coffee and food for a more mobile business generation, while away from a head office,” Growthpoint Properties said.
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The joint venture\u2019s first new co-working space will open in Sandton Central in July at Growthpoint\u2019s 138 West Street office building, across the road from Sandton Gautrain Station. <\/span><\/p>\n

Growthpoint owns and manages 526 properties, including 467 in South Africa, 58 in Australia through its investment in Australian Stock Exchange listed Growthpoint Properties Australia and a 50% interest in the properties at V&A Waterfront, Cape Town. <\/span><\/p>\n

Growthpoint also has a 26.9% stake in London Stock Exchange Alternative Investment Market listed Globalworth Real Estate Investment Limited, the largest owner of office space in Romania. <\/span><\/p>\n

OPEN has two existing co-working spaces – OPEN Maboneng in Johannesburg and Workshop17 at V&A Waterfront in Cape Town – which have redefined workspaces as flexible, multifunctional places for working, connecting, developing and creating.
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Mark Seftel, co-founder of OPEN, said: \u201cWhat was a novel idea five years ago is now becoming mainstream. Even at 1% of the office property pie there is significant growth opportunity in South Africa.”<\/span><\/p>\n

The eight – or more if demand is robust – new co-working locations planned for the next three years will each have a coffee bar with public access, meeting and seminar facilities, member areas with hot desking, dedicated desk and team spaces, and dedicated serviced offices. <\/span><\/p>\n

Each co-workspace will be around 2,000sqm and feature superb connectivity and technology with all the office fundamentals in place for a plug-and-play environment that provides full functionality for optimal productivity.\u00a0 <\/span><\/u><\/u><\/p>\n

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\u00a0Read: The best and worst performing companies on the JSE in 2016<\/a><\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

JSE-listed REIT Growthpoint Properties aims to benefit from the changing office arrangements and work environments in South Africa by offering ‘co-working’ spaces.<\/p>\n","protected":false},"author":10,"featured_media":158145,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[25,6198],"class_list":["post-158111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-active","tag-growthpoint-properties"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/158111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=158111"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/158111\/revisions"}],"predecessor-version":[{"id":158147,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/158111\/revisions\/158147"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/158145"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=158111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=158111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=158111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}