South African law firm Fluxmans has signed a long-term lease with Growthpoint Properties, SA’s largest real estate company, for a 4600m2 office in Illovo Corner, Illovo Boulevard, Johannesburg.
Illovo Corner is popular with corporations and professional service providers such as law and accountancy practices because of its close proximity to Rosebank, Melrose and Sandton. It is a beautifully landscaped office park with three three-storey office buildings. Fluxmans will relocate from Rosebank and occupy an entire newly refurbished building in Illovo Corner, which has a 4 Green Star rating from the Green Building Council of South Africa.
“We are looking forward to our upcoming move to Illovo Corner which offers us all we need and more to continue to successfully service our valued clients,” said Ira Epstein, joint CEO of Fluxmans.
“Fluxmans considered numerous options for its new offices, and we are thrilled that this leading law firm ultimately selected Illovo Corner, located by Fricker Road. It has been a pleasure working with their team to meet their rigorous requirements for their offices in a transaction that took around two years to finalise. Fluxmans is a new tenant for Growthpoint, and we believe they will be a great addition to our office park and the entire Illovo Boulevard,” said Paul Kollenberg, Growthpoint Head of Asset Management: Office.
Fluxmans have occupied premises in Rosebank for the past 30 years. Its team believes now that Fricker Road is the commercial epicentre for professional services and is the correct location to add value to and to in turn benefit from this growth.
Kollenberg said the Illovo Boulevard office node took a big knock during the Covid-19 lockdowns, losing tenants and battling to grow rentals, but is now seeing a rapid resurgence as SA recovers from the pandemic. According to the South African Property Owners’ Association (Sapoa), Illovo had the highest office vacancy percentage in 2021. However, this year alone, Growthpoint has signed some 6500m2 of space in this business node already, and it has a further 3000m2 under negotiation.
“Part of Illovo’s appeal is its surrounding residential suburbs, which make it well suited for people who want to work close to home. It is characterised by low-rise buildings in park-like environments and is walkable and near many amenities. This all to adds to an enjoyable workplace experience,” said Kollenberg.
Nearby amenities include The Wanderers Club with its 13 different sporting sections, The Wanderers Golf Club, Thrupps Illovo Centre, gyms, medical and wellness facilities, schools, and the Gordon Institute of Business.
Fluxmans’ new office building in Illovo Corner, which will carry the Fluxmans branding, will also provide it with around-the-clock security, surface and basement parking, emergency backup water, full-on load generators and fast fibre connectivity, according to Kollenberg.
South African law firm Fluxmans has signed a long-term lease with Growthpoint Properties, SA’s largest real estate company, for a 4600m2 office in Illovo Corner, Illovo Boulevard, Johannesburg.
Illovo Corner is popular with corporations and professional service providers such as law and accountancy practices because of its close proximity to Rosebank, Melrose and Sandton. It is a beautifully landscaped office park with three three-storey office buildings. Fluxmans will relocate from Rosebank and occupy an entire newly refurbished building in Illovo Corner, which has a 4 Green Star rating from the Green Building Council of South Africa.
“We are looking forward to our upcoming move to Illovo Corner which offers us all we need and more to continue to successfully service our valued clients,” said Ira Epstein, joint CEO of Fluxmans.
“Fluxmans considered numerous options for its new offices, and we are thrilled that this leading law firm ultimately selected Illovo Corner, located by Fricker Road. It has been a pleasure working with their team to meet their rigorous requirements for their offices in a transaction that took around two years to finalise. Fluxmans is a new tenant for Growthpoint, and we believe they will be a great addition to our office park and the entire Illovo Boulevard,” said Paul Kollenberg, Growthpoint Head of Asset Management: Office.
Fluxmans have occupied premises in Rosebank for the past 30 years. Its team believes now that Fricker Road is the commercial epicentre for professional services and is the correct location to add value to and to in turn benefit from this growth.
Kollenberg said the Illovo Boulevard office node took a big knock during the Covid-19 lockdowns, losing tenants and battling to grow rentals, but is now seeing a rapid resurgence as SA recovers from the pandemic. According to the South African Property Owners’ Association (Sapoa), Illovo had the highest office vacancy percentage in 2021. However, this year alone, Growthpoint has signed some 6500m2 of space in this business node already, and it has a further 3000m2 under negotiation.
“Part of Illovo’s appeal is its surrounding residential suburbs, which make it well suited for people who want to work close to home. It is characterised by low-rise buildings in park-like environments and is walkable and near many amenities. This all to adds to an enjoyable workplace experience,” said Kollenberg.
Nearby amenities include The Wanderers Club with its 13 different sporting sections, The Wanderers Golf Club, Thrupps Illovo Centre, gyms, medical and wellness facilities, schools, and the Gordon Institute of Business.
Fluxmans’ new office building in Illovo Corner, which will carry the Fluxmans branding, will also provide it with around-the-clock security, surface and basement parking, emergency backup water, full-on load generators and fast fibre connectivity, according to Kollenberg.
Alistair Anderson