PROPERTY: Century City Connect Boosts Sales
Recent Western Cape Business News
Century City Connect, Century City’s cutting-edge, open access fibre optic network which is enabling the country’s fastest voice, broadband and multi-media services, is boosting both property sales and lettings in the mixed use precinct.
Greg Deans, a director of the Rabie Property Group, said there was a marked increase in the number of corporates who required high bandwidth and/or immediate fibre connectivity, looking to relocate to Century City which was helping to drive further new development.
“Part of Century City’s philosophy and its recipe for success is that it is always cutting edge, always out there, always planning for the future and always on the go. Even when no one else is developing we are. Century City Connect fits 100% within that philosophy.”
Alfie Martin, a director of Century City Connect, said by April this year, six months after they had deployed the network, they had taken fibre past all premises within the precinct – a benchmark used internationally to state the reach or success of a fibre optic network.
He said the take-up of their services from existing businesses had also exceeded expectations with direct network access to 180 businesses completed to date with a further 120 expected to be completed by the end of September, bringing to around 300 the number of businesses with direct access. This, he said, constituted about 70% of all current businesses at Century City.
While Century City Connect provides the fibre optic backbone, individual businesses contract with an accredited Internet Service Provider (ISP) of their choice for the services they require.
“We have signed agreements with six ISPs to date and are currently negotiating with another five.”
Martin said they had been working closely with the accredited ISPs to introduce exciting new packages and these varied considerably but included contended access package of 20Mbps, 30Mbps and 50Mbps options as well as dedicated access packages starting at 2Mbps and going up to 1Gbps.
“The first 1Gbps service has now been signed with a large international corporate user, which as far as we know is the largest and fastest managed service access package in the country today. The service selected by this customer will also include a fully resilient redundant link.”
He said while many users started off with smallish access packages, there was a growing trend of companies applying for upgrades within a matter of weeks.
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