Cliffe Dekker Hofmeyr acted for the Sasol Pension Fund in drafting several agreements relating to the development of the new Sasol office building, currently under development in Sandton. Attie Pretorius, Director and National Practice Head, Lucia Erasmus, Director and Andrew Seaber, Senior Associate, Real Estate practice, were part of the legal team that advised on this deal, considered to be one of the biggest property deals to be concluded in Sandton to-date.
The building is expected to be the largest, new single-tenanted office building to be developed in South Africa in recent years. It was designed by Paragon Architects, is ten storeys high and aims to achieve a five star green environmental rating. The Sasol Pension Fund and developer Alchemy Properties are jointly developing the office building in Katherine Street in Sandton.
“We were delighted to have been part of the team working on drafting the agreements for this new office development in our city, which is set to change the Sandton skyline forever and hopefully spur the development of a new business node that will encourage pedestrian safety and green living,” adds Pretorius.
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Author: Angela Graham from Cliffe Dekker Hofmeyr. Originally distributed by MyPR.co.za.
