Precinct 14 Information
Atterbury Property Holdings is a property development and investment company that was established
some 22 years ago with offices in Pretoria, Johannesburg, Cape Town and Europe. Atterbury has an established
national and international track record in developing, investing and managing blue chip properties and is well known
in the market for its long-term relationships with its clients and leadership in the real estate industry.
Century Property Developments originated in 1975, primarily as a developer of shopping centres, and has
since diversified into exclusive residential estates and commercial developments. With its proven track record of
numerous residential and commercial developments, Century Property Developments continues to deliver a
superior product to residents and investors alike with its uniquely South African lifestyle developments.
Atterbury and Century has entered into a joint venture agreement for the development of the new Precinct 14 development.
The design of the 100,000m² Precinct 14 development is based on sustainable urban design principles to create a
vibrant mixed use scheme blending retail, leisure (gym and hotel) and commercial space with exclusive residential
units in one integrated precinct. Precinct 14 will function as an environmentally responsible development featuring
contemporary architectural designs to create a unique environment for prospective tenants and users alike.
It is envisaged that Precinct 14 will consist of approximately 70 000m² of P-grade office space, a 120-bed hotel, a 3 500m² Gymnasium,
100 residential units and a 13 000m² convenience shopping centre.
The urban master plan that was created by a team of experts gives due consideration to city issues like traffic flow, security,
public spaces, landscaping, environmental impact and governs the overall quality of developments within Precinct 14.
A 13,000m² convenience shopping centre is planned at the centre of the development, with active restaurant edges which forms a public interface between the retail, gym, hotel and offices, creating a safe connected environment for residents and users.
The office node is situated on the western boundary to tie into the existing MTN Corporate Campus and Constantia Park west of the N1 Western Bypass. The residential units on the eastern boundary links up with the established Fairland’s neighbourhood preserving the established character of the area. The hotel and gym is situated on the northern boundary next to the neighbouring Reddam Private school.
Precinct 14 is located on 14th Avenue just off the N1 Western Bypass. The planning of the road network for Precinct 14 allows for four major access points into the precinct.
A new interchange, Metro Boulevard Interchange, will be constructed as part of the Precinct’s infrastructure responsibilities. The developer will construct additional lanes to the on and off-ramps of the 14th Avenue interchange. An additional carriage way will also be added to 14th Avenue from the MTN campus entrance to Davidson Road.
Staff travelling from the North will have easy access via the Metro Boulevard Interchange or the upgraded 14th Avenue interchange. Driving from the South, access will be via the upgraded 14th Avenue interchange.
Precinct 14 will be secured by a closed circuit CCTV system and roaming guards. Additional security will be provided at a building level via internal gatehouses, infrared cameras and biometric access control systems. The goal of the precinct is to create a city-like environment with perimeter fencing and visible security barriers.
The development is located directly adjacent to MTN’s main campus and data centers. The information and telecommunication infrastructure to the area is therefore inequivalent with fibre optic networks available linking to Teraco. Being in close proximity to such networks holds significant benefits to users of Precinct 14.
A non-profit management and operations company will be established to oversee the running and upkeep of the entire precinct on a daily basis. In order to fulfil its obligations, the Precinct Management Company will charge a monthly levy to occupants of the precinct. The Precinct 14 Management Company will also oversee that design standards are maintained and that construction companies adhere to the rules during building periods.
|Office monthly net rental||TBC|
|Tenant Allowances (Offices)||TBC|
|Additional Costs||Municipal Charges, Operating Costs,Rates & Taxes, Park Levy. VAT|
The net rent shall escalate at 8% per annum compound. Park levies and Operating Costs
escalate at 8% per annum compound.