Archives for June 1, 2022

Fluxmans Signs With Growthpoint for Illovo Corner Offices

Leading South African law firm Fluxmans has signed a long lease with Growthpoint Properties (JSE: GRT) for a 4,600sqm office in Illovo Corner, Illovo Boulevard, Johannesburg. 

Illovo Corner is a beautifully landscaped office park with three three-storey office buildings. Fluxmans intend to relocate from Rosebank and occupy an entire newly refurbished building in Illovo Corner, which has a 4 Green Star rating from Green Building Council South Africa and is well suited to its business needs.

“We are looking forward to our upcoming move to Illovo Corner which offers us all we need and more to continue to successfully service our valued clients,” says Ira Epstein, joint CEO of Fluxmans.

“Fluxmans considered numerous options for its new offices, and we are thrilled that this leading law firm ultimately selected Illovo Corner. It has been a pleasure working with their team to meet their rigorous requirements for their offices in a transaction that took around two years to finalise. Fluxmans is a new tenant for Growthpoint, and we believe they will be a great addition to our office park and the entire Illovo Boulevard,” reports Paul Kollenberg, Growthpoint Head of Asset Management: Office.

“Fluxmans are extremely excited about these new premises and appreciate the honesty, openness and fairness displayed by Growthpoint during our negotiations,” notes Colin Strime, joint CEO of Fluxmans.

Fluxmans have occupied premises in Rosebank for the last 30 years, having identified the growth potential from Rosebank to Sandton it identified Fricker Road as the commercial epicentre and as the correct location to add value to and to in turn benefit from this growth.  Fluxmans are looking forward to their new premises and the benefits they, their employees and clients will derive from these modern and environmentally friendly offices with an urban feel. Strime and Epstein feel that Fricker Road is a perfect location for clients and addresses all the current and future needs in growth for Fluxmans.

Kollenberg notes that the Illovo Boulevard office node took a big knock during the Covid-19 lockdowns, but is seeing a rapid resurgence. According to SAPOA, Illovo had the highest office vacancy percentage in 2021. However, this year alone, Growthpoint has signed some 6,500sqm of space in this prestigious business node, and it has a further 3,000sqm under negotiation.

“Part of Illovo’s appeal is its surrounding residential suburbs, which make it well suited for people who want to work close to home. It is characterised by low-rise buildings in park-like environments and is walkable and near many amenities. This all to adds to an enjoyable workplace experience,” he explains.

Illovo Corner is on Fricker Road, the central spine of Illovo Boulevard, known for its friendly pedestrianised piazzas, vibrant café culture and amenity-rich environment. The neighbourhood is a business, shopping and dining hub and one of the city’s health and fitness hotspots. Nearby amenities include The Wanderers Club with its 13 different sporting sections, The Wanderers Golf Club, Thrupps Illovo Centre, gyms, medical and wellness facilities, schools, and the Gordon Institute of Business.

The vibrant area is well placed between South Africa’s financial capital, Sandton Central, and the business district of Rosebank, and it benefits from an active city improvement district (CID). It enjoys easy access to major transport routes and public transport, and it is mere minutes away from the Rosebank Gautrain Station by Gautrain Bus.

Fluxmans’ new office building in Illovo Corner, which will proudly carry the Fluxmans branding, will also provide it with around-the-clock security, surface and basement parking, emergency backup water, full-on load generators and fast fibre connectivity.

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