Western Cape Business News

Send  Share  RSS  Twitter  21 Sep 2011

DEVELOPMENT: Landmark Building At V&A Waterfront


Recent Western Cape Business News

Ground has been broken on the construction of a new state of the art office building at the V&A Waterfront, featuring one of the most advanced intelligent building management systems in Africa.

Officially named No 1 Silo, the new six-storey office building forms part of a R1-billion development that will see the extensive refurbishment of the entire Clock Tower Precinct over the next four to five years.

The site, located between the existing Clock Tower centre and the disused grain silo buildings, is set to be transformed into one of Cape Town’s most desired business addresses, featuring 18 000m² of triple A-grade office space.

This is one of the largest scale developments since the inception of the V&A Waterfront some 22 years ago, and the first of its kind under the V&A Waterfront’s new Growthpoint / PIC ownership,” says David Green, CEO of the V&A Waterfront. “We are excited to be driving this significant development” he says.

Upon completion, this new office building will adhere to the strictest global environmentally sustainable building requirements.

The building has been registered as a Green Star SA Office Design, and is aiming for at least a four star Green Star SA rating. The Green Star rating was established by the Green Building Council of South Africa in 2008, with the aim to evaluate the potential environmental performance of buildings, based on criteria such as energy and water efficiency, quality of indoor environments and resource conservation.

One of the key differentiators of No 1 Silo will be its energy efficiency due to its unique positioning to the ocean and ability to benefit from a sophisticated seawater cooling system,” Green says.

The energy performance of a typical No.1 Silo office floor has been compared against a similar typical floor with system and material properties set as the minimum required by the building energy use standard SANS 204. The analysis shows that a saving of roughly 50% electricity consumption and CO2 emissions over a 'normal' building is predicted,” he explains.

A key feature of No. 1 Silo green building is its fully glazed double skin facade to maximise views towards Table Mountain as well as the ocean, and to ensure optimal use of natural light. The building is equipped with intelligent building management system to help eliminate normal drawbacks coupled with glass facades.

Construction on No 1 Silo is scheduled for completion towards mid-2013.

The entire Clock Tower Precinct redevelopment is set to attract some 5,000 office workers within the newly revamped Precinct in the next four years. As such, the current Clock Tower Centre has been reconfigured to offer a total of over 5,000 m2 of office space, supplemented by over 2,500 m2 of niche retail offering aimed at serving the office, residential and tourism markets in this area.

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