PROPERTY: Access-controlled Office Parks Â– where the Money Is
Recent Gauteng Business News
This is according to Org Geldenhuys, managing director of property development and management company, Abacus DIVISIONS.
Abacus DIVISIONS is involved with property development and marketing at a number of office parks, including the R2 billion office park development, Route 21 Corporate Park, in Irene - and Highveld Techno Park in Centurion.
Â“What property developers should take cognisance of is that secure office parks which deploy the latest in access control security features, including biometrics, CC-TV, driverÂ’s license and vehicle scanning at point of entry - and roving guards in addition to guards at the point of entry Â– are increasingly able to command top-dollar rentals. This is a trend,Â” he said, Â“that we will see continue to grow as crime steadfastly remains a vexatious point on the South African landscapeÂ”.
Commenting further, Geldenhuys said the Route 21 Corporate Park, situated in Irene, has not reported a single serious incident in the past 18 months. With more than 300 businesses located at the R2 billion office park and more than 10 000 people working in the park, this is Â“no mean featÂ”- and was achievable mainly due to the office parkÂ’s high level of security.
Geldenhuys said that as buoyancy returns to the commercial property market Â– with vacancies expected to decrease and rentals expected to increase during the fourth quarter of this year Â– security office parks will Â“lead the way in pricing buoyancyÂ” and will Â“outgun office developments that offer B grade security measuresÂ”.
Â“Tenants,Â” he added, Â“are demanding a blend of high level aesthetics and securityÂ”.
Business News Sector Tags: Property|