Park Square development: Nedbank Group’s flagship campus in KwaZulu-Natal
Category Market News
Nedbank has announced that it has committed to investing R1bn into a new mixed-use office and retail development in Umhlanga, which is currently under construction. The iconic Park Square development, located in the fast-growing Umhlanga Parkside node adjacent to CJ Saunders Park and opposite the Gateway Theatre of Shopping Centre, will have a 4-Star Green Star Design and As-Built rating and will serve as one of Nedbank Group’s flagship campuses in KwaZulu-Natal.
Park Square will offer 40 000m2 of rentable area of which 4 000m2 will be for retail usage, while the remaining 36 000m2 will be commercial space, 18 000m2 of which will be A-grade offices.
The office component of Park Square spans five blocks along the perimeter of the development site, while the retail space is located at ground level surrounding a public piazza. Two-levels of basement parking and on-grade parking complete the appealing and highly convenient Park Square picture.
Adding to the aesthetic appeal is a 16m-wide public arcade at pedestrian level, which links the piazza to the adjacent CJ Saunders Park and gives direct access to the public road on the north eastern side of the development.
Occupation is scheduled for September 2018. For more information on sectional titles sales and leasing, please contact Lezanne from Swindon Property on email@example.com or 082 405 6940.
Author: Justine Lombard