Tshwane Innovation Hub – Enterprise Buildings 2 & 3

Estimated Project Cost: ZAR 149 million (EB2)
ZAR 161 million (EB3)
Status: Financial Close Process
Expected Delivery Model: Regulated PPP
Sector: Commercial Property

Project Status: In the Market

Project Background and Scope

The purpose of the project is to increase the value benefits of the site through a long-term lease arrangement involving the design, construction and financing of the site (land parcel 4) called EB2 & EB3 in The Innovation Hub (TIH) requiring both infrastructure and top structure to accommodate tenants fitting the TIH tenant profile. The development will comprise a two-storey
building with some 5 693 m² gross building area.

Progress is as follows

  • A preferred bidder was selected for both EB 2 and EB 3 and the TAII(b) was obtained from National Treasury.
  • Currently in contractual negotiations with the preferred bidder and is expected to conclude in August 2017.

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