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Discussion Starter · #1 · (Edited)
NAME: The Centenary
LOCATION: Umhlanga Ridge New Town Centre
STATUS: Approved
FLOORS: 4F
HEIGHT: na
USE: Mixed Use (Commercial, Retail, Residential)


Will provide 15 000m2 of Commercial Space, 1500m2 Retail and 12 Loft apartments.








An exciting new initiative that the eLan Group will launch shortly is the concept of a Sectional Title Office Block, called The Centenary, situated in New Town Centre, Gateway.

The synergy of live, work and play is finally coming together in the exclusive address of value of the Umhlanga Ridge. “The Centenary,” sectional title office block, offering coastal commercial property, has added yet another angle of convenience to the New Town Centre area.

This modern New York loft style development, where form follows function, allows for immense flexibility to personalise your own space. Making use of traditional materials, the design concept of the development is truly a unique new-age lifestyle village.

Situated in a prime visible area, “The Centenary,” offers the advantages of location that is unique and quite rare for any South African business area. A mere 15 minutes from Durban, this bustling business environment enjoys easy access onto a network of national roads, leading to Durban International Airport. Surrounded by motor dealerships, banking institutions, Old Mutual’sGateway Theatre of Shopping, and The Crescent, it is little wonder that this area has flourished.


Aspects

3 tiered development structure
Ample parking with access control
Parking tiered to allow direct access to each floor
Close to local amenities
Easy access to National Highways
Range of investment opportunities
Combination of commercial and retail aspects



Loft uses

Loft apartment
Studio
Professional Boardroom
Entertainment area
Corporate accommodation


The area


The past two years has seen an immense shift in the placement of some of KwaZulu Natal’s large firms to the La Lucia Ridge / Umhlanga Area, as companies have opted to relocate their businesses from Durban Central. Large Corporations such as Unilever, Rand Merchant Bank, Discovery Health and Deloitte and Touche have chosen New Town Centre as their address, partly due to the natural progression towards this area, as well as to the ample facilitates.

New Town Centre, now equipped with the state-of-the-art Umhlanga Hospital and Medical Centre, also boasts a host of the finest residential properties across a range of styles and affordability levels, private schools, and is only a few minutes away from the pristine beaches of Umhlanga Rocks.

The brainchild of Moreland Developments, a division of the Tongaat Hullets Group, The Umhlanga NTC has become a model for future urban developments in South Africa, not only due to its revolutionary urban design and functionality, but due to the form and beauty that the area has managed to create and maintain. The integrity of the area will continue to be maintained in the long run due to the existence of guidelines to ensure that the aesthetic qualities of the area are maintained long into the future.


New Town Centre Design

The overriding design for the area has seen the emergence of synergy within certain spheres of industry. Banking institutions, brokerages and other financial institutions have been strategically located within close proximity to one another to create a mini “Wall Street.” This internal theming is then encapsulated by the greater Corporate business area, which is fast attracting more and more firms due to its prime location.


Sectional Title


The concept of sectional title ownership has for the most part been a foreign concept to South Africa investors; however the recent emergence of this popular ownership type has led to immense demand for sectional title office and industrial properties.

Advantages of Sectional Title

Purchasers own the property
The title is registered in their name.
Bond finance is generally readily available
Sectional title owners do not require consent from the trustees when buying or selling their units
Costs are cheaper due to the shared running costs of the communal property
Costs involved in the maintenance of small exclusive use areas is low in comparison to full ownership
A solid investment – affordable with good rental returns
 

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Discussion Starter · #3 ·
This is there frst dev in the NTC. they are at advanced plans for a second, larger commcerical dev near the park
 

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Discussion Starter · #4 ·
Some new renders...i like the plant overhangs...

www.thecentenary.co.za

Architectural Design

Designed by leading Durban Architect, Willy Vanderverre, who was instrumental in the formulation of Moreland’s vision for New Town Centre, The Centenary has been modeled on the concept of a modern New York loft style apartment. This theme draws its roots on the warehouse concept where exposed building materials such as raw, varnished brickwork is exposed.

The design style encapsulates the concept of form follows function. This 6 level, 3 story office block uses space both effectively and efficiently, and was conceived as an assembly of small but significant modules grouped to form a coherent square with internal space. The varying levels and modules allow for personalisation of space on either a horizontal or vertical layer.

The entire building concept has been designed to allow for immense flexibility for investors to personalise their own space, thereby allowing the structure to satisfy their specific needs. With basic infrastructure and facilities being bought to each module, owners and occupiers can customise the internal environment, and with the presence of knock out panels, allows expansion between levels and upper floors. The use of the three-stack modules reinforces the value of personal identity within the overall concept whereby small to medium size business can own their own corporate premises, clearly distinguished from the surrounding building fabric.

Street frontage allows for a visible presence and while the external façade is sophisticated and elegant, the internal square allows for a vibrant, carnival feel with strong branding elements, street cafes and an overall courtyard buzz.

Making use of traditional materials, the design concept of the development is truly a unique new-age lifestyle village.














 

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Discussion Starter · #5 ·
This sectional title mixed-use office block offering 13 500m (ex VAT) of gross lettable area has been launched exclusively to you, our Investor Club Members! Platinum members still enjoy preferential pricing while Gold members enjoy a 10-day window period prior to public launch.

In this short space of time since launching to the Investor Club, in excess of 50% of the development has been reserved to a number of high-profile investors and individuals including an exclusive upmarket gym, a restaurant and various retail and commercial suppliers. The vision of this building is to create something that is unique in its offering, with a sophisticated façade and a buzzing, vibey interior courtyard space. It’s “the destination of choice”.

Join us for the public launch of The Centenary and find out more about Moreland’s vision for New Town Centre, the conceptualisation of the architecture and why this is development is a sound, commercial property investment!
 
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Umhlanga must be attracting many businesses from Durban's main core - the CBD ? It looks like a great location to work, play and live in. To be honest, I would rather live here and open my business in Umhlanga than Durban's CBD or even The Point.

There is something very ugly about this building and I can't quite put my finger on it .. too many different "materials" I think.
 

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Discussion Starter · #8 ·
Enigma...

Funny enough, in the early days of the La Lucia Ridge it was attracting many firms out of the city centre. However most of the new firms in Umhlanga Ridge are actually either entirely new companies or companies that never operated in Durban before. Yes there will always be movement between commercial nodes, but there is little movement away from the cbd now, the ones that wanted to leave have already done so.

Regards the design...its an amercian warehouse style according to the developers. personally i dont really like it much myself, but i really do like the internal courtyard which looks great!
 
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dysan1 said:
Enigma...

Funny enough, in the early days of the La Lucia Ridge it was attracting many firms out of the city centre. However most of the new firms in Umhlanga Ridge are actually either entirely new companies or companies that never operated in Durban before. Yes there will always be movement between commercial nodes, but there is little movement away from the cbd now, the ones that wanted to leave have already done so.

Regards the design...its an amercian warehouse style according to the developers. personally i dont really like it much myself, but i really do like the internal courtyard which looks great!
That is good news - thanks.
 

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Warehouse? What are the developers on? ;) Oh well, more growth for Umhlanga... :)
 

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Discussion Starter · #12 ·
Also Elan are launching another dev shortly, with 15 000m2 of commercial space near the Park Avenue area.

Its not a warehouse thryve, its a style.
 

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Discussion Starter · #13 ·
Umhlanga Ridge Property Is Thriving - 2006/08/15


The eLan Group's latest development The Centenary is based close to Gateway, and ultimately situated next to the proposed new fly on from the N2 freeway to Gateway. This 13256sq m office block development is the first of its kind. A contemporary styled, mixed-use sectional title office block, it has added a new dimension to the office component of the area.

Offering multi-storey offices, with no limit on the square metres available, the owner of the space has the flexibility to determine the internal architecture and the layout of the floor plan. The development has allowed for loft apartments to be incorporated, should demand be generated, creating a unique office-living environment.

With sales thus far focusing on high end retailers and commercial interests, 51 of the 105 sites have been secured, with an equal 50-50 split between retail and commercial space occurring, equating to 7200 sq m of the total 13256 sq m.

Says eLan Group CEO Mark Taylor: "There has been immense interest in this property due to the placement of the development, as well as the fact that The Centenary is one of the last two sites within the New Town Area under construction."

Members of the group's Investor Club have certainly reaped financial benefit from the development, through their pre-launch notification, thereby placing them ahead of the general public. Over R17m was saved by the exclusive platinum membership of the club members as a result of preferential pricing, as members have secured sites.
 

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Discussion Starter · #14 ·
Elan have stated that they are redesigning this development due to the specific requests of purchasers. The new design is going to incorporate 4 distinct buildings which will aim to meet the requests from firms for indivdual brand image and identity. The development is also increasing to 15 000m2.
 
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