Cape Town - The R700m first phase of a new district at the V&A Waterfront is underway with a 8 000 m² corporate head office for British American Tobacco South Africa (BAT South Africa) as the first project in this mixed-use area.
The new Canal District straddles both sides of Dock Road and totals 7.6 hectares. As a whole it will tie into the arterial route that connects the city centre to the V&A Waterfront, and into the main pedestrian route that runs along Dock Road.
In 2014 the V&A Waterfront acquired the Amway and Queen’s Hotel buildings, which have a connection to Buitengracht Street. The new district will have a canal at its centre as well as a new urban park, incorporating the remnants of the historical Amsterdam Battery.
“Demand for commercial space at the V&A Waterfront is driving development in this district. It is also a piece in the jigsaw puzzle that provides a seamless link through to the CTICC and Cape Town’s CBD,” said David Green, CEO of the V&A Waterfront.
“The V&A Waterfront takes a holistic view of development as a space in which people can live, work and play. For a multi-national company the size and calibre of BAT South Africa to select the Waterfront as the preferred destination for the relocation of its head office is of significance, and speaks to the popularity of our development initiatives.”
The first building in the District, Amsterdam House, is intended to achieve a minimum 5-Star Green Rating. Completion of Amsterdam House and the car park is expected in November 2016.
Other recent developments at the Waterfront include the installation of more than 7 500m² of solar panels on eight rooftops of key buildings, a multi-use innovation hub, designed to showcase solutions to South African and African problems and the development of a cruise terminal.\
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