Luxury Cape Town Mixed-Used Building The Rubik Creates Market Furore
Category Property News
Cape Town, South Africa; Demand is high for luxury modern residential developments in Cape Town's CBD if the response to the newly launched building The Rubik is anything to go by.
Located on the corner of Loop and Riebeek Streets, The Rubik, which consists of premium residential apartments above luxury offices and high-end retail space, housed within a distinctive modern glass-clad "tiered" building, was launched into the market only a few short weeks ago and the response has reportedly been phenomenal, with DG Properties having fielded many hundreds of enquiries about the apartments to date, with several having already been purchased, and many applications to purchase yet to be finalised.
According to DG, the interest levels have been across the board, with buyers keen on both the one and two-bedroom units - particularly the corner units. "The Penthouse suites have received the most enquiries," says DG. "Unsurprising considering their premium layout, luxury fixtures and finishes, location and unsurpassed views."
DG goes on to advise that the majority of their enquirers and buyers are local investors between the ages of 35 and 50. "Many of them are looking for lucrative property investments that will return a good yield. The Rubik has a distinctly international feel that is in tune with global trends and influences - something which will further future-proof the value of these apartments. This building will revolutionise the design of luxury mixed-use developments in South Africa and will set a benchmark for future developments. Buyers are being offered a truly quality product in a city on the rise in international terms."
The commercial space within The Rubik is no exception, and tenants have already been signed for this highly desirable office space in the heart of the mother city - with offices that are double-glazed, an air-conditioning system that doesn't use water evaporation for cooling, energy-efficient lighting and water heating systems which are in keeping with green star initiatives. "Further enquiries continue to come in from businesses looking to establish a presence in The Rubik which is situated within the bustling centre of one of the world's most desirable cities."
Developed by Abland - one of South Africa's leading property developers - in partnership with Nedbank and Giflo and designed by DHK Architects, the apartments, penthouses and offices within The Rubik feature floor-to-ceiling windows, 24-hour concierge security, state-of-the-art technology, fixtures and finishes, minimalist elements and lots of clean open spaces. These features - coupled with the prime location and spectacular views over Table Mountain, Lion's Head and the ocean - offer highly desirable inner city living, with prices starting from R2,4 million. Work on The Rubik will commence in June 2019 with completion in July 2021.
Author: Business Day Homefront, 26 April 2019 / The Newspaper, 01 April 2019
