# Colosseum - Mixed Use & Hotel - 6F - Century City, Cape Town - SkyscraperCity
 

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Old October 13th, 2006, 12:04 AM   #1
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# Colosseum - Mixed Use & Hotel - 6F - Century City, Cape Town

Name: Colosseum
Use: Mixed Use - Offices, Retail & Four Star Hotel
Floors: 6
Status: Under Construction
Location: Century City business precinct near Cape Town









Colosseum offices sold out

The entire office component in the first phase of the R300m Colosseum, a 17 000 square metre mixed use development being built on a prime gateway site at Century City, has been snapped up by purchasers seven months ahead of expected completion.

Totalling just over 8400 square metres, the 25 offices suites in the first phase have been sold to 19 different purchasers for a total of just over R93m. About 65% of purchasers are owner occupiers with the balance - totalling around 3000 square metres - being held by investors. Strong interest in the lettable office space has been shown by tenants with negotiations for one potential user for over 2000 square metres as well as numerous other smaller users well underway.

"The market response has been extremely positive and is indicative not only of the strengthening commercial property market but also of Century City's growing stature as a premier office destination," says John Chapman a director of developers, Rabie Property Projects.

He said the generous parking ratio of four bays per 100 square metres with additional visitor bays being provided had also been a strong selling card.

Purchasers have included a strong mix of professionals - lawyers, engineers and accountancy firms, leading property development group, Rabie Property Projects, as well as an international export/import business which will be establishing their South African offices here.

Harry Casper of Associated Insurance Brokers, co-owners of the Double Century Trust which has purchased a 600 square metre suite, said they had decided on the Colosseum due to its very central location at Century City in the heart of the greater metropole, its high level of security and its closeness to all amenities.

"We also have no doubt that Century City is where it will be happening in the future. One only has to look at the massing of development there to realise it is rapidly becoming the Sandton of the south."

Kinney Oosthuizen, senior partner of Schnetler's Attorneys, which has been based at Century City since development began in 1997 and which has done much of the conveyancing work for developments there, said the sectional title Colosseum development had provided them with an opportunity to invest in their own premises.

"After years of renting, we have not only bought fantastic offices but we have also invested for the long term. We believe, particularly in view of the significant capital appreciation enjoyed by investors to date and the very positive outlook for Century City as a major growth node in the region, that it offers unparalleled investment opportunity," she said.

Other owner occupiers include Kayad Engineers, Buchanan Boyes and CCI Management Consultants.

Construction of the Colosseum, which comprises ground floor retail, three levels of offices topped by a luxury four star hotel, is due for completion by December 2006.

Colin Anderson, development manager, said the rapid sell-out of the office space and the continued high level of inquiries was accelerating the planning of the second phase of the development which was expected to be launched in the next few months with completion set for end 2007.

He said retail lettings were also progressing well and they were currently finalising the tenant mix to ensure a vibrant highstreet café and boutique retailing environment complementing the neighbouring Canal Walk shopping centre.

Brian Singer of the Singer Group which has acquired the top two floors of the Colosseum for a R100m luxury hotel, said 75% of the 64 suites and six penthouses were sold to investors during the pre-launch phase of the hotel and as a result of the phenomenal response from South African investors, they had cancelled their planned overseas launch.

The development, he said, offered an exceptional investment in the hospitality industry, with guaranteed rental returns for the first two years and one month free accommodation in a hotel suite or in any other RCI affiliated resort.

The Singer Group, which owns several travel companies, hotels and restaurants, has appointed Protea Hotels to operate the Colosseum Luxury Suites which will be graded as a Premier Hotel - Protea's highest category.

For further details on the offices contact Giles Balmer on 021 550 7000. Hotel inquiries should be directed to Helen on (021) 424 2288.
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Old October 13th, 2006, 12:07 AM   #2
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Century City Press Release

Construction starts on R300m Colosseum
Published: 25*October*2005
Contractors have moved on site to begin work on the first phase of the landmark Colosseum mixed-used development being built on a prime gateway site at Century City. The R300m development, which has been designed as a microcosm of the new urbanism environment being created at Century City, will comprise three floors of offices topped by a boutique hotel offering 40 penthouse suites with ancillary retail on the ground floor. The first phase of the 30 000 square metre development will consist of a total of 13 300 square metres - 8400 square metres of offices, 3100 square metres of hotel suites, 1800 square metres of ancillary retail and more than 500 parking bays, most of which will be undercover. The generous parking provisions include six bays per 100 square metres of retail and four bays per 100 square metres of offices. About 60% of the sectional title office space, which is priced from R9250 per square metre ex VAT, has already been spoken for with strong interest being shown in the remainder of the space, according to Giles Balmer, sales and letting manager for developers Rabie Property Projects. Office space, he says, is available from 215 square metres to 2000 square metres. Development Manager, Colin Anderson, said negotiations with a leading boutique hotel operator to acquire all 40 residential apartments in the project were well advanced and an announcement in this regard was expected shortly. “The bulk of the office purchasers have been professionals who have bought premises for their own use. Enquiries have also come from investors who are looking for well-located commercial property in a landmark building.” Anderson said interest had been received for at least half of the retail space, the marketing and leasing of which was being undertaken by the Broll Group. The entire first phase of the project, which exceeds R180milion, is due for completion in December 2006. The principal contractor on the project is WBHO while Franki Pile have been appointed to do the piling and Martin & East the bulk earthworks and services. The project team on The Colosseum includes Boogertman & Partners (architect); AKI Consulting (Structural/Civil Engineer), 4em Consulting (Mechanical/Electrical Engineer), Bham Tayob Khan Matunda (Quantity Surveyor), David Hellig & Abrahamse (Land Surveyor); Rabie Property Projects (Developer/Project Manager). For further details contact Giles Balmer on 021 550 7000 or 0834570628.
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Old October 13th, 2006, 12:10 AM   #3
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Century City Press Release

New luxury hotel for Century City
Published: 9*February*2006
A new luxury all-suite hotel is to be developed at Century City at a cost of R85m by the Singer Group. Leon and Brian Singer said this week that they have acquired the two top floors of the mixed-use Colosseum development, now under construction, to house the new hotel. These two floors had initially been earmarked for 40 residential apartments but have been completely redesigned and reconfigured to create the luxury 61 all-suite hotel which will be situated within five minutes walking distance from Canal Walk Shopping Centre. The hotel will also enjoy easy access to the vibrant cafés, restaurant and boutique shops which will occupy the ground floor of the Colosseum which will also be home to three-storeys of offices . The Colosseum Luxury Suites is the second hotel to be developed by the Singer Group at Century City and follows the huge success of the Island Club Hotel which opened three months ago and which is already enjoying occupancies in excess of 75%. As with The Island Club Hotel, suites in the The Colosseum Luxury Suites are available for sale to investors. Ranging in size from 40 square metres to 65 square metres, suites are available for purchase on a sectional title basis at between R950 000 and R1 565 000 while penthouse suites, which vary in size from 88 square metres to 183 square metres, are available for between R2 195 000 and R4 790 000. No transfer duty is payable. Brian Singer said suite owners would be entitled to 28 days free usage of the Colosseum Luxury Suites – for their holidays or business trips, or for their guests and / or business associates. “When the owner is not using his suite, it operates as a luxury hotel and generates a rental income.” Singer said the rental income will be guaranteed for the first two years - expected to be 2007 & 2008 - at 5% of the purchase price. “ And from year three (2009) onwards, the rental income will increase based on the hotel’s performance. In addition, the Singer Group will pay all property levies for the first two years,” he said. Singer said negotiations with several leading hotel operators were well advanced and they expected to be able to make an announcement in this regard shortly. The Singer Group also owns the four-star Dolphin Beach Hotel, which like the Island Club, is managed by Protea Hotels and consistently runs at the highest occupancy in Protea’s group of more than 130 hotels. He pointed out that the Singer Group also comprises a variety of companies in the travel, tourism and hospitality sector including five travel agencies, an inbound tour operator, a conference organising business and three restaurants. “There is tremendous synergy in owning both travel companies and hotels as we are able to recommend our own hotel properties to our international and domestic clients,” said Singer. He said there was no doubt that Century City had a shortage of good quality hotel rooms. “When the additional office developments that are currently under construction are completed, this shortage will increase.” Singer said the Colosseum Luxury Suites, which will be the third hotel in Century City, was being designed to capture the upper-end of the hotel market in Century City, and would predominantly focus on the business traveller. “ Features will include: free ADSL connectivity in all suites, wireless hotspots, room safes big enough for a laptop, plasma and LCD screens throughout. All this will be in addition to the luxurious bathrooms, huge walk-in showers and top quality finishes,” he said. Most luxury suites and penthouses will enjoy beautiful views of Table Mountain and / or Table Bay. He said suite owners and hotel guests would be able to utilise the hotel’s concierge service, located on the ground floor of the Colosseum. “ A private lift will take hotel guests up to the fourth floor, where the reception will be located. Both the fourth and fifth floors will be available for the exclusive use of hotel guests while conference and meeting rooms will be located on the mezzanine floor.” Singer said buyers would be required to pay a 10% deposit on signature of the Deed of Sale. This deposit would be held in an attorney’s trust account and would earn interest for the buyer. “ The balance for the purchase price is payable on transfer, which is expected to be in December 2006.” For further information on the hotel suites contact Helen Barrie on telephone (021) 424 2288 or email [email protected] .
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Old October 14th, 2006, 01:00 PM   #4
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I really did underestimate the amount of cranes at Century City/Canal Walk, was there 3 weeks ago, thats when i saw that there are plenty more cranes all over the site
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Old October 14th, 2006, 05:02 PM   #5
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are there other developments like this in Century City? i mean things on the street with no walls or fences
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Old November 14th, 2006, 10:35 PM   #6
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COLOSSEUM





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Old November 14th, 2006, 10:40 PM   #7
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Protea Hotel Colosseum





Currently under construction, the Colosseum will without doubt be one of Century City’s flagship buildings, featuring shops at street level, a mezzanine, and three floors of offices, while the top two floors will consist of the luxury suites and penthouses of an exclusive hotel.
The hotel’s reception and lounge areas will be located on the ground floor, along with a restaurant and a sophisticated cocktail bar, while conference facilities and board rooms will be on the mezzanine level. Lifts to the fourth & fifth floor will be for the exclusive use of hotel guests and owners.

NOW SELLING AT THE COLOSSEUM, CENTURY CITY, CAPE TOWN:

56 Luxury Suites, from R995 000 to R1 565 000 including VAT (zero-rated)

These luxurious, fully furnished contemporary hotel apartments will be operated by Protea Hotels in a pooled rental system to the benefit of all owners.

· Guaranteed minimum return on investment of 5% per annum for the
first two years
· Projected returns escalate to 10,5% per annum by year 10
· Each owner is entitled to enjoy 28 days free hotel accommodation
per annum
· Some or all of these days may be exchanged at any of 3 600 RCI
resorts in 94 countries

The Singer Group

The Singer Group also
owns the four-star Dolphin Beach Hotel, which like the Island Club, is
managed by Protea Hotels and consistently runs at the highest occupancy
in Protea’s group of more than 130 hotels.

The Group also
comprises a variety of companies in the travel, tourism and hospitality
sector including five retail travel agencies, an inbound tour operator,
a conference organising business and three prominent Cape Town
restaurants.

Last edited by Mosi-oa-Tunya; November 14th, 2006 at 10:45 PM.
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Old November 14th, 2006, 10:46 PM   #8
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Colosseum Private Residence Club

It is with great pride and excitement that we introduce Cape Town's first Private Residence Club.
Private Residence Club membership is an innovative leisure investment that has been tried and tested with great success internationally. It is widely regarded as the new alternative to owning a second or third home.

This equity investment is underpinned by property ownership in one of Cape Town's newest and finest hotels, located in a secure estate just 10 minutes from the Central Business District. Co-ownership of these prime properties secures your future leisure and business accommodation in Cape Town – forever.

As a member of the Colosseum Private Residence Club you will be entitled to complimentary accommodation in a luxurious enthouse with majestic views of Table Mountain. You may exchange some or all of your days at the Colosseum for complimentary holidays at some of the most exclusive resorts around the world. In addition, your membership entitles you to a host of benefits and privileges, including complimentary domestic flights to (or from) Cape Town, membership of Quintessentially, and so much more.

If you have ever thought about making an upfront investment in your family's future holidays, we have absolutely no hesitation in recommending the Colosseum Private Residence Club. In terms of its flexibility, exclusivity, and value for money, we believe it is unsurpassed. It will, without doubt, open a world of holiday options to you that you may never otherwise even have considered.

Owing to the exclusive nature of the Colosseum Private Residence Club, only a limited number of memberships are available. We warmly invite you to take advantage of this opportunity without delay.

I would like an appointment to meet the developers in Johannesburg on the 9th and 10th November 2006.

the club to join
The Colosseum Private Residence Club has been modelled on a proven global concept that takes ownership of a leisure property to an entirely new level of luxury, exclusivity and variety.

This is a hassle–free alternative to buying your own holiday home, ensuring you enjoy a real vacation while your every need is taken care of. All you have to do is relax… and relax!
Instead of direct ownership of a property that will in all likelihood remain unoccupied for much of the year and require constant upkeep and maintenance, the Colosseum Private Residence Club offers you part ownership of an asset that will be professionally maintained and managed at all times, and which brings with it lifelong rewards in local and overseas travel.
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Old November 15th, 2006, 07:19 PM   #9
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This is the only development in century city that i rather like. hopefully the "sheeted" one will be good too.
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Old May 16th, 2007, 02:41 AM   #10
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Old May 16th, 2007, 08:38 AM   #11
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very nice indeed
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Old May 16th, 2007, 08:44 PM   #12
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i dont think its nice.
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Old October 23rd, 2007, 01:38 AM   #13
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Protea to open Cape hotel



TravelHub

PROTEA Hotels will open the four-star Protea Hotel Colosseum at Century City, Cape Town on November 1.

The hotel was meant to open on August 1, but due to construction delays reservations are only being taken from November 1.

The development of the Colosseum cost around R140m and it comprises 62 spacious suites and eight luxurious penthouses with private balconies. It is situated on the top two floors of the mixed-use Colosseum building. All rooms have at least one plasma or LCD screen television and offer free Internet.

The hotel also caters for business travellers with complimentary Wi-Fi connectivity, a high-tech sound room and an executive boardroom.

Tuesday, October 23, 2007

Story by: Chana Viljoen
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Old October 23rd, 2007, 11:35 AM   #14
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Whoever built this was extremely unreliable! My mom's company had to move out of their old building by a specific date and were ensured that the Colosseum would be ready by the time they moved in, but surprise surprise they had to move into the building wearing hard hats and sit through the say without aircon, blinds on the windows to keep the sun out or even a proper entrance >< It was a month or so of pure hell apparently. She's moved companies since but has just been given a good offer back at these people lol.
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Old October 23rd, 2007, 05:15 PM   #15
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apparently the new liberty life HQ is complete at Century City
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Old March 11th, 2008, 11:09 PM   #16
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Power cuts calls for innovation in the lodging industry - Brian Singer

Travelwires.com


Cape Town - The effects of load shedding may have far reaching consequences for South Africa's hospitality industry, possibly affecting expected bookings for the World Cup in 2010.This is the grim warning of leaders within the hospitality trade who are scrambling to ensure that load shedding does not inconvenience their guests and that hotels are able to function at necessary capacity during times without electricity.

"Apart from the logistical problems a hotel faces during electricity black-outs, the confidence of overseas visitors regarding their safety and comfort when visiting South Africa may deteriorate considerably if load shedding continues at this unforeseeable rate and influences their chosen accommodation provider, warns Brian Singer, CEO of the Singer Group, which owns the new Protea Hotel Colosseum in Cape Town.

"In order to combat a drop in bookings due to the power crisis, the hospitality industry needs to prove that it is capable of coping with the power outages without compromising our guests' safety and comfort. This means that any hotel or guest house needs to have a basic back-up system that drives lifts, emergency lights and telephones," he adds.

"But these are really only the basic safety precautions; we have investigated similar situations elsewhere and are learning continuously from our ongoing electricity crisis and with some planning and modifications it is possible to run a hotel, such as the Protea Hotel Colosseum successfully through a power failure", he adds.

"During the early stages of construction of our Hotel, Cape Town experienced a series of power outages. It became clear to us that we needed to amend our construction and electrical plans in order to accommodate a generator that could keep the Hotel functioning with minimal disruption to our guests."

"Upon making a booking, a guest should enquire whether the hotel has sufficient back-up power to guarantee a safe, comfortable and pleasant stay at a hotel, e.g. power to the elevators, as we do at the Colosseum", advises Singer.

"We are seeing hotels and guesthouses that loose their ability to cook, because while they have gas stoves, the extraction vents are not running," he says. "At the Protea Hotel Colosseum our generators are powerful enough to ensure that our guests hardly notice a power outage and we are able to continue with our services."

With sufficient generators, hotels are able to run at full capacity, however especially for the smaller accommodation providers this often means a financial outlay which few of them can afford. However, guesthouses and Bed & Breakfasts have resorted to providing their guests with torches, battery-operated lamps and candles while providing meals prepared on outside fires.

"Smaller guesthouses can provide for the needs of guests with a little innovation and some changes, large hotels cannot afford not to invest in generators in order to keep running and providing the service that is drawing our overseas visitors to South Africa," adds Singer.

In order to restore confidence in the South African hospitality industry, it needs to ensure that guests are informed and that neither their safety nor comfort is compromised by providing the necessary guidelines upon check-in and training staff to assist guests during a black-out.

"The electricity crisis is certainly a challenge to the industry but we are facing it head on and need to create confidence in our guests that through proper planning, every accommodation provider is able to provide the service expected of him," concludes Singer.

Awareness of South Africa has continued to grow in the build-up to the country's hosting of the FIFA Soccer World Cup in 2010 and up until the power crisis the number of overseas visitors to South Africa has grown steadily, however, statistics since load shedding started are not yet available.

By Moderator on Mon | 04 Feb | 2008 - Lodging News, Business News
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