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The prestigious Wale Street Chambers building has been rescaled to meet the needs – and pockets – of the modern business owner who values face-to-face interaction and the urban lifestyle.
There has been a major trend toward converting existing office spaces into residential units in Cape Town’s coveted central business district.
The State of Cape Town Central City Report 2021 found the value of developments under construction or in the planning phase was R3.2-billion for last year alone.
The inner city construction boom, much of which involves residential conversions, has meant office stock levels in the CBD have been significantly reduced, driving up commercial property prices in one of the safest and most fashionable metropolitan precincts in the country.
This puts businesses wanting to be based in the CBD in a tricky position, particularly since fuel prices inevitably impact on operational and rental costs.
With many firms hoping to return to office-based work for greater staff interaction but in an environment that is quieter than it was pre-pandemic, with people now accustomed to less disruptions while working from home, this represents a considerable challenge.
Enter an exciting new development by the Klarey Property Group.
The prestigious Wale Street Chambers building on the corner of Wale and Long streets in the heart of the CBD is being upcycled and rescaled to meet the growing demand for bite-sized offices…