Abland Property Developers has broken new ground on Canal Plaza, a new premium-grade office development in Cape Town’s Century City, in partnership with Gutsche Investment (GIMCO), the Moolman Group and Blue Dawn Capital in response to rising demand for high-quality workspace in well-connected business hubs.
Already attracting firm interest from blue chip tenants, Canal Plaza’s gross lettable area of 10,333m² across four floors is designed to meet the needs of companies seeking modern offices in a location that supports both business and employee wellbeing. Set for occupation in May 2027, it is one of the last developments to overlook the serene Intaka Island Nature Reserve.
“Century City’s modern infrastructure, green spaces and mixed-use appeal offer strong value for corporates. As more businesses return to the office or adopt hybrid models, they are looking for environments that support productivity, talent retention and workplace culture, and Canal Plaza responds to this business need”, says Grant Silverman, Director at Abland Property Developers.
Abland is a leading real estate development company specialising in premium office, retail, industrial, residential and motor developments that attract both local and international Tenants. In Cape Town, Abland’s office developments include landmark projects such as The Rubik and 35 Lower Long, two of the city’s most sought-after premium-grade buildings.
Located just off the N1, Canal Plaza is well-positioned to capitalise on a growing trend.
The latest market data shows that P-grade offices in key nodes like Century City are seeing strong demand and healthy uptake of new developments.
This is the fifth Century City office asset investment for GIMCO, who are known for their quality properties and signature professional property services. GIMCO’s diversified portfolio of retail, office and industrial properties are focused in Cape Town and Port Elizabeth.
Vivienne Gutsche of GIMCO says the launch of Canal Plaza comes at the right time to meet growing demand for premium, sustainable office space in Cape Town.
The P-grade, 4-Star Green Rated development will offer backup power and water, high-speed fibre and access to public transport via a nearby MyCiTi bus stop. Canal Plaza will offer competitive rentals, with tenants receiving fit-out allowances on top of white box specifications that include lay-in ceilings, zoned air-conditioning, lighting and smoke detection.
“With limited land and a constrained supply of prime office space, Canal Plaza is well-positioned to appeal to tenants seeking green-rated offices in an exceptionally strong business node,” she says.
The new development underway at 1 Heron Place overlooks the Intaka Island Nature Reserve and is within walking distance to Canal Walk Shopping Centre, offering both tranquillity and convenience.