Province : Western Cape

Area : Pinelands

Area Description

This green, leafy suburb is the hidden gem of Cape Town’s Southern Suburbs. Situated just off the N2 highway, everything Cape Town has to offer is literally on your doorstep. Being a mere 10 minute drive from the city centre yet immersed in the suburbs of Cape Town making proximity to the city an easy endeavour, Pinelands is one of Cape Town’s most centrally located areas. Previously a pine forest plantation, the suburb is incredibly green and very well laid out. Primarily a residential node, conducting business here means that work and family can be wonderfully fused should one choose to settle here.

Home to South Africa’s Oldest Life Insurance Company

Mutualpark is home to Old Mutual, South Africa’s oldest life insurer. The building is one of the largest corporate offices in South Africa currently covering 166,000m² and housing 9,000 employees and contractors. The building has a 5-star green rating which is the largest building in the Southern Hemisphere to receive this rating. There are 3600 solar panels, covering 14 500m2 (565 carports), a 1 MWp solar photovoltaic system, which provides for about 8% of Mutualpark’s electricity needs (equating to one month of free electricity per year). To add, the building has it own water filtration plant and is completely off the grid. The system underwent rigorous testing being certified SANS 241 compliant by the national and local governments making the filtered water drinkable and is earmarked to be Mutualpark’s main source of water. It has the capacity to produce between 650 000 and 800 000 litres a day. Furthermore, Mutualpark is now a vaccination site. Old Mutual and Netcare have teamed up to establish the vaccination site to assist in the vaccine role out in the Western Cape. 

Rental Rates

Commercial real estate in Pinelands is incredibly affordable considering its conveniently prime location. With large office spaces consisting of GLA’s well above 1000 sqm asking under 150 thousand rand per month, Pinelands is a an affordable place to not only live but to also conduct business in. One is able to rent 100sqm of commercial space for as low as R8500 per month, an incredibly low rate by Cape Town standards. With very limited stock, (currently under 50 vacancies and rarely varying) Pinelands may be low-priced but is difficult to find the perfect property that ticks every box.

Identified Offerings

Situated near the Howard Centre Square, this A grade office building is one of Pinelands most well-known commercial spaces. ‘Founders House’ is an office space consisting of secure parking and in close proximity to everything Cape Town offers (approximately 15 minutes to the CBD from the building). This office block is one of the best value for money options in the City of Cape Town all things considered.