After a R1.5-billion investment , the final phase of Cape Town’s V&A Waterfront Silo district – the addition of No 3, 4, 5 and 6 Silo projects – was on track for an early 2017 completion.
This would bring the total investment by Growthpoint property group and the Government Employee Pension Fund, managed by the Public Investment Corporation – to over R2.5-billion.
The four projects would include over 35 000 m2 of corporate offices, a residential development, a gym, a mid-range internationally branded hotel and over 1,050 additional parking bays, bringing the total to 2,750 by late 2015.
No 3 Silo would offer around 10,000 m2 of residential space, while No 4 Silo would boast a 4,000- m2 Virgin Active Health Club, both scheduled for completion by 2016.
No 5 Silo (completion mid-2016), would offer 13,500 m2 of multi-tenanted office space and would accommodate ±2,500 office workers daily.
An 8,000-m2 international, mid-market hotel would be housed in No 6 Silo and would open in early 2017.
V&A Waterfront CEO David Green said: “V&A development is market-led, in response to a demand for bespoke commercial offices and urban residential space with harbour and mountain views. The intention is to create a vibrant and mixed-use sustainable district with sustainability credentials that will offer business opportunities, accommodation, lifestyle options and eateries,” he commented.
The Silo district developments would be focused around the Zeitz Museum of Contemporary Art Africa (Zeitz MOCAA), located at the heart of the district.
All the district’s developments will target a Green Building Council of South Africa rating.
The V&A would continue its relationship with Mace International project managers, quantity surveyors MLC and Wilson Bayly Holmes-Ovcon, the main contractor for the Zeitz MOCAA.
Van der Merwe Miszewski Architects (VDMMA) had been appointed lead architects for No 3, No 4 and No 5 Silos and would partner with architectural firm Makeka Design Lab on No 3 and No 4 Silos and with architecture and interior design firm Jacobs Parker on No 5 Silo.
Architects for the No 6 Silo were yet to be appointed.
By: Natalie Greve
Read the full article here: http://www.engineeringnews.co.za/article/va-waterfront-commits-further-r15bn-to-silo-district-development-2014-07-28/rep_id
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