Leading companies call Sandton home
Category Commercial Property News
The city of Johannesburg in the Highveld regions of South Africa has always been noted as being the financial epicentre of the country. Certain areas have grown exponentially over the past few decades to now represent commercial powerhouses. Proof of this is certain mega brands both local and international have made parts of the city their home. Research has shown that other areas nearby have exceeded parts of Johannesburg in affluence. However, Sandton still to this day represents a certain kind of progress and is widely regarded as South Africa’s financial hub.
Sandton in the Gauteng province is still the corporate capital of South Africa and many big international brands call the formidable expanse home. The area is a favorable destination for certain mega brands due to its advanced infrastructure and amenities which include the regions flagship Gautrain Station.
One of the more recent developments in the Sandton area of noteworthy mention is the Discovery Global Headquarters and its widely being praised for being one of the biggest buildings of its kind in South Africa to receive a 5 Star Green Rating as awarded by the Green Building Council of South Africa (GBCSA).
“Located on the corner of Rivonia Road and Katherine Street, diagonally opposite Sandton City and one block from the Sandton Gautrain Station, the building comprises three linked office towers which consist of a ground floor, eight office floors and a roof level, which holds Discovery’s sports facilities. It will also offer nine basements with over 5,000 parking bays.” - www.leadingarchitecture.co.za
OfficePlace a leading commercial property brokerage firm who has various properties available for rental in and around the various commercial centres of South Africa have sighted Sandton as one of the most favorable regions for office space in the whole of South Africa. The fact that they have 670 Commercial Properties to Let in Sandton, Gauteng is a clear indication that there is a huge demand for office spaces in the greater Johannesburg area. “Office development activity is still concentrated in Johannesburg, accounting for more than 67% of the ongoing office developments nationwide.” - www.eprop.co.za
CNBC (Consumer News and Business Channel) a popular American founded cable, satellite and internet television channel have decided to make Sandton their home base on the African continent. This prevalent channel is owned by NBCUniversal and Comcast.
Forbes a prominent American business magazine based in Jersey City, New Jersey, just outside of New York in the United States of America also has their African headquarters in Sandton. This is another indication of the area being sought-after not just for prominent South African companies but leading international ones as well. “FORBES AFRICA is the sixteenth local-language edition of the highly successful FORBES magazine—renowned for exploiting various matters, as well as its many lists based on the levels of global wealth and power, offering topics such as “The World’s Most Powerful People,” “Global High Performers,” and “The World’s Billionaires". The magazine features editorial content from across the continent and includes relevant content from its partners in the US”. - www.facebook.com/forbes.africa/
Although the area is highly desirable for so many reasons traffic congestion is still a problem. However certain infrastructure upgrades are hoping to curb this problem such as the newly developed award-winning bridge The Rea Vaya M1 Bridge.
With such wide variety in the commercial property market in Sandton, it’s no wonder that investment keeps on increasing. Its affluence and Sandton is paramount to any commercial area nationwide, why not make Sandton your new commercial home. With so many reasons to invest get in contact with a broker from OfficePlace today to be in the epicenter of commerce on the African continent. For more information visit Sandton's area profile.
Author: OfficePlace Commercial Property Brokerage
