Highly Anticipated Loftus Park Officially opens its Doors
Category Commercial Property News
On the 3rd of May 2018, Loftus Park, the highly anticipated mixed-use precinct, held its official inaugural ceremony. This comes after the development’s First Phase was completed on 29th March this year.
Solly Msimanga, Executive Mayor of the City of Tshwane, did the honours of launching the property by cutting the ribbon and presenting a speech at the opening ceremony. Loftus Park’s new tenants, stakeholders as well as the Real Estate Investment Trust and Redefine Properties all attended the celebrations.
The grand opening for the public took place on the following weekend of the 5th and 6th of May. The celebrations were highlighted by performances from the South African rock bands of Prime Circle and Wonderboom.
Loftus Park is situated in Hatfield, directly opposite the renowned Loftus Versfeld Stadium, which hosts an array of prestigious sporting events. The plans for Loftus Park were drawn up back in 2013, but construction only started in 2016. The First Phase has been completed and includes a Virgin Active gym, restaurants framing an open-air courtyard, a variety of retail stores, extra parking, and 34000sqm of prime office space. The second and third phases are all set to include a hospital (focused on sports injuries), and more office spaces.
Well-known brands that can be found at Loftus Park include Woolworths, Checkers, Dis-Chem, PNA, Rocomama’s, Salsa and Seattle Coffee Co. The popular chain restaurant of Vovo Telo has been built within a famous 1929 tennis club, which was reconstructed for the boutique restaurant. A wide selection of banking facilities have taken up tenancy at Loftus Park, comprising of ABSA, Nedbank, FNB and Capitec ATMs.
A Protea Hotel by Marriot has also been included in the precinct. The hotel has 152 rooms and can host up to 180 delegates. The hotel also boasts a conference centre, a rooftop pool, bar and lounge facilities with a panoramic view of Pretoria.
The vibrant, multi-use space of Loftus Park has taken sustainability seriously, and the green precinct has been accredited with 4 Green Stars. Eco-friendly trends have been on the rise all over the world, and Gauteng is seen as an international leader when it comes to green developments. Trends aside, having buildings that are easy on the environment lessen the area’s carbon footprint and attracts environmentally aware tenants and clients.
A Gautrain station is accessible alongside Loftus Park, which allows for easy access to popular areas such as Sandton, Rosebank and OR Tambo International Airport.
Loftus Park has taken a holistic approach to its development, by fluidly merging business and play. The area hopes to provide all the necessary facilities in one, aesthetically pleasing environment. The park has been built to be family friendly and offers retail outlets and entertainment to please adults and children alike. Some of Loftus Park’s more unique features include art installations, water features, a kids’ play area and garden spaces.
Loftus Park is predicted to boost the Hatfield area’s security, create jobs and improve general infrastructure. Hatfield is an already thriving suburb, with many beautiful residential homes, over 30 foreign embassies and numerous office parks. Hatfield is considered the commercial hub of Pretoria, and Loftus Park brings even further attention and confidence to the area.
Considering all the recent developments, it seems that now is the perfect time to move your offices to the flourishing commercial hotspot of Hatfield, Pretoria. OfficePlace currently has over 60 upmarket, commercial listings in Hatfield. Get in touch with an OfficePlace broker today to learn more about the opportunities Hatfield has on offer.
Author: OfficePlace Commercial Property Brokerage
