Listed property funds eye Rosebank‚ Gautrain

Listed property funds eye Rosebank‚ Gautrain

The reshaping of Rosebank's skyline is gathering pace as listed property funds' private investors and financial institutions continue to pour millions of rand into Gautrain-driven development opportunities. After two years of construction' Standard Bank's investment of more than R2bn in a state-of-the art office complex on the corner of Oxford and Bolton Avenue is now coming to fruition. Standard Bank is already started moving about 5'000 of its employees into the 65'000m² complex. The five-star green rated property' now Rosebank's tallest building' comprises two towers' respectively 11 and nine storeys high' with five basement parking levels. JSE-listed Hyprop Investments' (HYP) substantial R920m revamp of Rosebank Mall is also well under way