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#108 York Street Redevelopment - George CBD
Nedbank’s revamp an injection for CBD
07:00 (GMT+2), Thu, 12 July 2012
An architect's picture of the interior of the refurbished building. Brink Stokes Mkhize Architects did the design.
GEORGE NEWS - The refurbishment and expansion of 108 York Street, a Nedbank building, will give George's CBD uplift a welcome boost.
Nedbank is redeveloping its building next to the Absa main branch, in order to consolidate its three different office sites in the George central area at this address.
The bank's business banking division, which was previously located at 108 York Street, has already been relocated temporarily to 101 York Street, to make way for construction, which is set to start in mid-July.
The business banking division together with Nedbank's retail branch at 101 York Street, as well as offices at 62 Cathedral Street will all be moved to 108 York Street upon completion of the revamp.
This building will then accommodate Nedbank Business Banking, Nedbank Corporate, Nedbank Retail and Nedbank Wealth. The retail branch in the Garden Route Mall will remain in place.
An additional 1 200m˛ of rentable space will be created, providing a regional Nedbank building of 2 462m˛, says Charl de Kock, head of Nedbank's Group Property Services.
"The building will offer a branch providing clients with an integrated, holistic banking experience, conference facilities furnished with all the necessary equipment, an open-plan office area to encourage collaboration and transparency amongst staff, and a training facility," said De Kock.
"The development is in line with the bank's consolidation strategy to provide a single point of interaction for our customers."
The new building is to be unveiled late next year.
Brink Stokes Mkhize Architects from George were responsible for the modern contemporary design. It will be a much-needed injection for efforts to improve the CBD, which is high on the agenda of the municipality and business people of the area.
It was pointed out to the George Herald that, although the building at 101 York Street is known as Nedbank Centre, it is not owned by the bank. The latter only leases some areas in the building.
The redevelopment of the Searle building opposite the George Museum is another commercial development on the northern end of York Street which started a few months ago and is expected to attract more life to the CBD.
Nedbank begin in middel Julie met opknapping aan sy gebou by Yorkstraat 108 waar drie van die bank se persele in die middedorp gekonsolideer gaan word. Die ontwerp is modern kontemporęr en dit sal na verwagting die sakekern 'n welkome hupstoot gee.
Source: George Herald