A 10-year lease for 2695sqm of prime-located warehousing space at Cape Town's V&A Waterfront has been concluded by Pam Golding Commercial leasing, sales and investment consultant Graham Freeling on behalf of Lowe Bull, an internationally renowned advertising agency. These premises will serve as Lowe Bull's Cape Town headquarters. The capital value of the lease is undisclosed.
Comments Freeling: "Situated right on the water's edge overlooking the V&A Waterfront with views of the harbour and Table Mountain, and within walking distance of the Cape Town city centre and easy reach of all major routes, this is one of the most sought after locations one could wish for. The site is on the south pier directly opposite the Port Control office, with good security and easy accessibility. It would be hard to beat the appeal of such a scenic, landmark location for any working environment, and it's ideal for a prestigious, award-winning agency such as Lowe Bull, which has a global blue-chip clientele. The agency, formerly located in Cape Town's Long Street area, is currently expanding its local operation."
Formerly tenanted by a fishing company, the huge warehouse is being completely renovated into a studio/office accommodation to suit the requirements of the new tenant, with certain aspects of the existing building being retained and adapted as key features.
Says Freeling: "Given the high demand for the V&A Waterfront, where there's a waiting list for retail space, it's extremely rare to find such a unique and large space as this. Currently we have 2000sqm of prime A grade office accommodation available in Granger Bay Court."
He adds: "Not only is the V&A Waterfront considered one of the world's major tourist attractions, it's within walking distance of the highly successful Cape Town International Convention Centre, which draws delegates from around the globe. As a result, this is one of the most prestigious addresses for any business."
Issued by Gaye de Villiers
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