Stanhope - R52m Claremont investment
2006-06-12
RMB Properties have recently completed a new high profile R 52-million development on the corner of Stanhope and Main Roads in Claremont. Called Stanhope Bridge, this development is set to have a significant impact on the resurgence of investment interest in the Claremont area.
This striking new landmark development on the periphery of the Claremont CBD has a total rentable area of over 6 400m² and currently has Auric Auto BMW, First National Bank, and Autoquip as its anchor tenants.
The total rentable area of the Stanhope Bridge amounts to 6 406m², and such is the demand, only 506m² of prime A-grade office accommodation with mountain-facing views remains to be let.
RMB Properties, a fully integrated property services company embracing the full range of commercial property skills, have sold the development on to Spearhead Property Group through RMBP’s Brokerage Division. Whilst Spearhead will own the property, RMB Properties will continue to fulfil the day-to-day management duties.
Andrew Kendall of RMB Properties emphasised that the development and sale of Stanhope Bridge exemplifies the innovative and entrepreneurial culture adopted by RMB Properties with other major commercial property players in the market.
Source: Cape Business News - www.cbn.co.za
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