November 14 2024 10:00
Picture supplied by Anglo American
Anglo American has sold its 55 Marshall Street building in Johannesburg to Olitzki Property Holdings (OPH), an inner-city redeveloper. Olitzki was formed by Gerald Olitzki decades ago.
Anglo American has been selling its old offices in the Johannesburg CBD. The Johannesburg CBD is an area that has played a role in the company’s heritage since its founding in 1917. Anglo American moved its headquarters from the CBD to Rosebank in 2021.
The building was constructed in 1999 and previously served as the corporate headquarters of Anglo American Platinum.
Anglo said the future of its CBD campus, which spans five buildings of more than 100,000m2 of real estate, reflected its vision to create a sustainable urban precinct that celebrated the company’s legacy while fostering a dynamic space for future generations.
Nolitha Fakude, chair of the Anglo American management board in SA has said the sale is part of a broader vision to ‘Enable the Future’ by “creating a sustainable precinct” that not only reflects Anglo’s heritage but also serves the next generation of city dwellers, innovators and businesses.
Olitzki redeveloped Gandhi Square and Marshalltown area. The 50,000m2 55 Marshall Street building will be repurposed to become a hub of public and commercial activity, Olitzki said.
Anglo said its commitment to the CBD was far reaching. It had partnered with reputable organisations to determine the best use of its assets in the CBD to preserve Johannesburg’s urban heritage while encouraging sustainable development.
In 2023, Anglo American’s 45 Main Street building was handed over to the Maharishi Institute. It has been transformed into a campus that will provide education and employment opportunities for up to 3,000 underprivileged students.
Also in 2024, the 47 Main Street building was handed over to Wits Business School to house the Wits Crucible, a business incubator aimed at developing small enterprises. The facility is expected to be operational by 2025.
Anglo will convert its 44 Main Street building into a mixed-use public space focused on development of youth, while also celebrating and preserving its history, heritage and the arts, it said.
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