We are your new go-to firm for everything on Portside in Cape Town

Portside Cape Town Baker Street Properties

Visit the new website at www.portsidecapetown.com

Accelerate Property Fund (APF) acquired approximately 50% of the iconic Portside Tower in the Cape Town CBD, recognized as The Mother City’s tallest building. The Johannesburg-based property fund bought the stake in Portside from previous owner Old Mutual Life Assurance, with First Rand remaining the co-owner occupying the upper floors in the building. The transaction was brokered exclusively by Baker Street Properties in Cape Town, with the company also assuming responsibility for the management, marketing and leasing of the property.

Baker Street Properties takes over management, marketing and leasing of Portside

Baker Street Properties is one of Cape Town’s most established commercial property brokerage firms, affiliated with international real estate firm JLL. The company provides innovative property solutions to its discerning clients inclusive of leasing, investment, management and valuation services. Baker Street Properties director John McMahon, who facilitated the transaction between Old Mutual and APF, adds that “we are not only proud to be associated with APF, but also excited to take on the marketing and management of this iconic building in Cape Town”.

The company has already successfully negotiated new office space for reputable international tenants in the building. Baker Street Properties Portfolio Manager, Cliff Toerien, states that “by taking a hands-on approach, we are committed to running and maintaining this high profile property to the expectations of our valued clients, tenants and partners”.

About the Tallest Building in Cape Town

The property is located in a prime location in the burgeoning financial district of the Cape Town Foreshore, taking up a full city block. It is The Mother City’s tallest building at 139m, with more than 57 000m2 of office space and 1 444 parking bays. It is also rated by the Green Building Council of South Africa as the Tallest Green building in South Africa, with various innovative green technologies which includes charge bays for electric vehicles.

Launch of new Portside website

Baker Street Properties has invested in a stand-alone website and marketing strategy for the property on behalf of APF, which not only features the property’s key attributes but also provides prospective tenants with important information such as detailed floor plans, 3D renders of office solutions and the extensive benefits of the building’s 5-star green rating. Marketing manager at Baker Street Properties, Francois Kriel, adds that “we are not only positioning this iconic building as the new Gateway into Africa, but also focus on promoting Cape Town as strategic business location to international tenants. We will continue to work closely with The City and our partners to attract high profile companies and new job opportunities to Cape Town.”

Visit the new website at www.portsidecapetown.com

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