Growthpoint’s R290m investment programme improves Woodmead

Growthpoint
is attracting new business to Woodmead, Sandton, with its significant R290
million investment programme that improves the public infrastructure as well as
the group’s strategic assets in the area.

Owners and operators of some 250 000m2 office and retail space in Woodmead with a combined value of more than R4 billion, Growthpoint’s quality Woodmead assets include the offices at Woodmead Office Park, Woodmead Estate, Pinewood Office Park and Country Club Estate, as well as the Woodmead Retail Park shopping centre which has an upmarket tenant mix of more than seventy-five stores and anchored by top national brands Woolworths and Pick n Pay.

Growthpoint
will introduce blue-chip companies to Woodmead in early 2021, the Altron group
of companies and DRA Global of which both have made long-term commitments to
the node and will occupy nearly 40 000m2 of office space.

Pivotal to attracting these leading businesses to the area were the much-needed improvements to the public road infrastructure. Growthpoint assisted with the design, development, construction, and the funding of these improvements to both the M1 Highway Woodmead Interchange and the intersection of Woodmead Drive and Woodlands Drive.

We are proud of our recent successes
in Woodmead, and confident about the future of this area. Growthpoint’s upgrade
of the roads will create a positive experience for all those who use our
properties, as well as everyone who lives, visits, and works in the
neighbourhood. We believe it adds significant value and appeal to the entire
Woodmead area, and further elevates the node which is already among the best
places in Gauteng to work and reside
” comments Rudolf Pienaar, Chief
Development and Investment Officer at Growthpoint.

The JSE-listed company has converted the M1 Highway’s Woodmead Interchange into a ‘diverging diamond’ configuration which improves traffic flows with fewer traffic signals. The Woodmead Drive and Woodlands Drive roadways have also been widened at their intersection and the traffic signals reconfigured.

The Woodmead traffic improvement project has been a
four-year process for Growthpoint. It was completed at the end of October 2020,
ready for the two major new businesses to open their new headquarters in the
area in 2021.

After a robust proposal process,
JSE-listed technology group Altron selected Growthpoint Properties to
consolidate its operating companies, which are currently located across a vast
and fragmented real estate portfolio, into a single strategic campus in
Woodmead at The Woodlands.

The office park is a unique property featuring a wetland and animal reserve within a nature park. The Woodlands’ tranquil setting incorporates a lifestyle centre with a gym, creche, and Mugg & Bean. It comprises 32 buildings and is home to more than 100 businesses.

Growthpoint has modernised and customised Buildings 1 to 8 at The Woodlands to meet Altron’s needs. Its seamlessly linked eight buildings with a 360m walkway to create a connected campus for the group of companies. Within the overall synergy of the new ‘One Altron’ campus, each building reflects the unique identity of the business unit it houses. By consolidating and relocating Altron to its new premises of 28,500m2 of gross lettable area (GLA), Growthpoint has helped it achieve a 40% space saving, which also supports significant occupational and operational savings. One Altron comprises roughly 22% of the 125,000m2 The Woodlands.

In addition, the Growthpoint development
team is also delivering an integrated internal fit-out solution for the
campus’s buildings, which are tailored for Altron’s people and optimised for
high performance. One Altron provides a modern, state-of-the-art campus that is
a platform to foster growth, collaboration, creative thinking, visibility of
leadership and the free flow of communication. It also meets the needs of
employees with high-value lifestyle amenities.

Growthpoint is also introducing
diversified global engineering, project delivery and operations management
group DRA Global to Woodmead. For its South African head office, DRA Global
chose Growthpoint to provide it with a modern facility that consolidates its
business and employees, currently located across eight different buildings,
under one roof. Growthpoint met the brief with optimised, efficient space that
supports lower occupancy and operational costs.

DRA Global will occupy around 12,400m2
of GLA at The Woodlands. Its new corporate headquarters also benefit from an
integrated turnkey fit-out by Growthpoint, which meets its future business
requirements with agile working and high-performance workspaces.

“Our traffic flow improvement project
recognises that good road access is the lifeblood of this vibrant node and is
already playing a key role in attracting top business to the area and retaining
those that are already here. It ensures that our property assets remain
attractive and competitive and demonstrates our commitment to the enhancing the
appeal and sustainability of Woodmead
”, comments Paul Kollenberg, Growthpoint’s Head of Asset Management:
Office.

Source: Propertywheel.co.za | https://propertywheel.co.za/2020/11/growthpoints-r290m-investment-programme-improves-woodmead/

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