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The Competition Commission has approved, without conditions, Nedbank’s sale of its prime Menlyn Maine property to Zikhethele Trade 4.<\/p>\n\n\n\n
Zikhethele is controlled by Renlia Developments, Bridoon Trade and Invest 7, and Proclare, which is owned by Nedbank.<\/p>\n\n\n\n
Zikhethele is a property development, management, and investment company whose primary activity is holding the property being purchased.<\/p>\n\n\n\n
Renlia is a property investment company that focuses on acquisitions and development. Bridoon and Proclare are investment holding companies.<\/p>\n\n\n\n
The property sold is Nedbank\u2019s greenstar-rated building opposite Time Square in the Menlyn Maine Precinct.<\/p>\n\n\n\n
It is a mixed-use property that opened in July 2012 and is located at 193 Bancor Avenue, Waterkloof Glen, Pretoria.<\/p>\n\n\n\n
The building, which boasts a commercial office area of 16,244 square meters, achieved Green Star design (4-star), As-built (5-star), and Green Building Council of South Africa (5-star) ratings.<\/p>\n\n\n\n
It was designed and constructed with a focus on sustainability, densification, energy, and water efficiency.<\/p>\n\n\n\n
The building features energy-efficient lighting, flow restrictors, water-efficient toilets, and granular metering to monitor and manage water and energy consumption.<\/p>\n\n\n\n
It uses rainwater and groundwater harvesting for toilet flushing via a separate reticulation system.<\/p>\n\n\n\n
The building has a vertical garden, which is supplied by water captured on the roof and from the ground of the building.<\/p>\n\n\n\n
It further features thermal storage tanks filled with 36,000 cubic meters of Christopia nogels, a chemical liquid that can freeze at any temperature.<\/p>\n\n\n\n
At night, between 21:00 and 06:00, the chillers pump cold water into the thermal storage system, where the coolth is retained by the Christopia nogels.<\/p>\n\n\n\n
This effectively reduces the peak energy requirement of the building by 50% and reduces the pressure on the national electricity grid.<\/p>\n\n\n\n
A solar PV plant located on our roof provides the building with around 360,000 kWh of electrical energy per year.<\/p>\n\n\n\n
It has an indoor air quality manager who manages the indoor environment. Regular air quality assessments are conducted to maintain a healthy and productive environment.<\/p>\n\n\n\n
The building also has a green cleaning policy and a green transport plan, including a staff car-pooling initiative and shower facilities for cyclists.<\/p>\n\n\n\n
The building features premium facilities such as large open foyers that lead into a coffee shop and an auditorium with a capacity of over 100 people.<\/p>\n\n\n\n
It has high-end glass finishes wrapped around its 5-story facade, 24-hour state-of-the-art security, and access-controlled lobbies.<\/p>\n\n\n\n
It has a backup generator, business-class fibre connectivity, and ample visitor and tenant parking bays.<\/p>\n\n\n\n
The building is easily accessible from the N1 highway via the Garstfontein and Atterbury intersection.<\/p>\n\n\n\n
Nedbank’s prime Menlyn Maine property at 193 Bancor Avenue<\/strong><\/p>\n\n\n\n<\/a><\/figure>\n\n\n\n<\/a><\/figure>\n\n\n\n<\/a><\/figure>\n\n\n\n<\/a><\/figure>\n\n\n\n<\/a><\/figure>\n\n\n\n
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