Another two leading businesses have taken up head offices in Waterfall Business Estate, continuing the market’s positive response to this rapidly growing prime business node.
Honda Motor SA, the South African and regional business of the world’s largest engine manufacturer, has selected Waterfall Business Estate as its new address. Global power leader, Cummins, has also chosen Waterfall for its main base of operations for South Africa and several other countries across the continent.
Attacq Waterfall Investment Company, the company that holds the development rights for the prestigious Waterfall Business Estate, is 81% held by Attacq Limited and 19% by Atterbury Property Holdings.
Atterbury Property Developments Director Coenie Bezuidenhout, who is responsible for coordinating Waterfall Business Estate, comments, “We’re thrilled to welcome both great companies to Waterfall and look forward to supporting their business strategies with tailor-made quality offices in an unrivalled location, which benefits from the latest designs and operational efficiencies.”
Honda will take up its new office building of almost 3,000sqm in Maxwell Office Park in November 2014. The building is currently being fitted out to the company’s specifications. Its new offices have been developed to be environmentally innovative and create a great environment to work in. All office blocks in the Maxwell Office Park are designed to be 4-Star Green rated, with carefully selected landscaped gardens and planters surrounding the building.
The new Cummins headoffice will span a substantial 20,000sqm. It is being developed in Waterfall’s Commercial District, in joint venture with Zenprop. Earthworks are underway and the development is scheduled for completion in 2015.
Honda and Cummins join a fast-growing number of leading global and national blue-chip companies to locate their head offices and crucial operations at Waterfall Business Estate. This includes the recently completed 44,200sqm Cell C Campus and the 23,000sqm new Group Five head office.
Atterbury have also developed premises for Wal-Mart’s Massbuild, Altech Group, Digistics, MB Technologies, Golder & Associates, Cipla, and Premier Foods, and is developing for Dräger, City Lodge, Westcon Group, Novartis and Covidien.
Unprecedented in size and impact, the prime Waterfall Business Estate measures around 311ha, with 1.73 million square metres of developable bulk approved so far. This ‘greenfield’ development allows for the best urban design principles for infrastructure, services, open public spaces and, of course, the buildings themselves.
“A big part of Waterfall Business Estate’s appeal is its ideal positioning in Gauteng’s economic hub, and the vast interest shown in the estate so far only proves this point,” says Bezuidenhout.
Waterfall is closing the gap between northern Sandton and Midrand, creating a large commercial growth node. It spans land on both sides of the N1 highway, from the Woodmead Interchange through the bustling Buccleuch Interchange to Allandale Interchange. It enjoys superb access from Pretoria, Sandton and Johannesburg.
