It will see its more than 5 000 employees move into a new office development in Sandton.
The development will be managed by Growthpoint and Zenprop through a joint venture.
It will be co-owned by Growthpoint and Zenprop and Discovery will be leasing the space over a long-term period.
Discovery’s new offices will serve as the company’s hub for the growing international business that now has operations in South Africa, the US, UK, China and Singapore.
It will house all Sandton-based employees who are currently working in four different buildings in the Sandton CBD.
The building will incorporate a GBCSA (Green Building Council South Africa) green building accredited rating of at least four stars.
The development is expected to be completed by mid-2017 with all employees relocated to their new office space by January 2018.