The presentation outlines plans for a mixed-use development called Green Place that will include residential units, office space, retail space, and public spaces. It provides details on the design concept, financial feasibility analysis, market analysis for the residential and commercial components, and aims to promote sustainability and social goals. The development aims to create an activity node in an currently isolated area by including affordable housing, flexible workspaces, convenience retail, and public gathering spaces.

1. MIXED-USE
DEVELOPMENT
Presentation to SAPOA
26 July 2019
Green Place Pty Ltd

2. I believe it's our responsibility to show our communities the value of all people,
to celebrate different, and to take a stand for acceptance and inclusion.
-Julie Foudy Green Place Pty Ltd

3. Design and Concept
Market Analysis
Product offering
Legal and Business structure
Financial feasibility
Social and sustainability
Green Place Pty Ltd
Agenda

4. SITE CONNECTIONS AND WALKABILITY
Locality
• Currently isolated
• TOD zone
• Creating an activity node

5. Urban Design Guidelines
• Creating 3rd Place
Spaces
• Activating the Urban
Edge

6. Precedents
• Creating 3rd Place
Spaces
• Activating the
Urban Edge

7. URBAN STREET SECTIONS
Urban Design Sections

8. MIXED-USE
URBAN FABRIC
Urban Fabric & Mixed-Use

9. CONCEPT LAYOUT
Design Concept
• Creating 3rd Place
Spaces
• Activating the Urban
Edges
• Public Square

10. CONCEPT SECTION
Design Concept

11. GROUND FLOOR – RETAIL (1929m²) & OFFICES
Design Concept
• Activating the Urban
Edges.
• Public Square
• On street parking and
drop off area.

12. 1ST FLOOR – OFFICES 6000 m²
Design Concept

13. 3RD – 6TH FLOOR – RESIDENTIAL – 8000m²
Design Concept

14. ROOF LAYOUT
Design Concept
• Future proof for
UBER Air
• Water storage
• Solar Panels

15. SECTIONS
Design Concept

16. Artist Impressions
C/O Granger Bay Boulevard & Ftriz Sonneberg Road
• Defining the Edge
• Activating the Street
• Advertising
possibilities

17. Artist Impressions
Piazza ,On street Parking & Drop Off
• 3RD Place Piazza
• Activating the Street
• Drop Off

18. Artist Impressions
• Allowing Sun Into
Plain
• Activating Dead Edges
• Rooftop Communal
Areas
Rooftop common areas, Solar orientation & activating the quite edge

19. Artist Impression
• Activating the Piazza
• Permeable edges
• Catering for the
pedestrian.

20. Building in Context
• Activating the Street

21. Feasible and Bankable
Green Place Pty Ltd
Financial Viability
• Development capital expenditure
R349.3 million
• First year net income R32.9 million
• Initial yield 9.4%.
• Development IRR :17.3%
• Payback period: 8 years
Development cost
Based on estimate of building
costs as well as the site
conditions.
All cost items included:
• Preliminaries
• Contingencies
• Contract price adjustment
• Professional fees
• Finance costs
Bank finance
• 70|30 Debt to equity
ratio
• Bullet repayment end of
year 10.
• Prime interest rate = 10%
• Interest Cover Ratio (ICR)
• Yr 1 = 1.21
• Yr 5 = 1.88

22. Feasible and Bankable
Green Place Pty Ltd
Residual land value and purchase
• Completed development value R386.8 million
• Development cost R349.3 million
• Residual Land value R37.5 million
• 50 year lease with an annual rental of R3.4
million.
• The first rental payment will be due on
completion of the development

23. Green Place Pty Ltd
Green Place (Pty) Ltd Structure
Ownership 100% Black owned
Management Control 50:50
Employment Equity Fully compliant
Skills development 2% skills development levy
Socio-economic development 2% CSI Budget
Economic development Sub-contractor 30%
Overall score Level 1
Our Vision
Building legacies and changing lives by delivering quality
products throughout selected markets within the property
sector and service of the highest standards

24. Residential Market Analysis
• Population of Table Bay District Plan has shown average growth of 21.1% from 2001 to 2011
• Most of the population (33%) is concentrated between 25-35 age group with employment rate 83% , 10% above national
average
• Except for Foreshore Place and Zero2One, all pipeline residential developments to be completed in the next year within a
10km radius of the proposed development comprise of luxury residential units
• Break even rentals range from ~R6,700 to R23,750 p/m with affordable/mini-unit studio apartment commanding rentals
between R6,700-R9,700 p/m
Green Place Pty Ltd
Source: Deeds Office

25. Commercial Market Analysis
Office
• Office demand exists for E commerce , contact centres ,
co-working/serviced offices
• Does not compete with corporates and large institutional
tenants
Retail
Green Place Pty Ltd
P-grade A-grade B-grade
Space in Demand (m²) 200 –
7,000
100 –
4,000
50 –
4,000
Gross Asking Rent
(R/m²/month)
185 –
245
135 –
175
100 –
130
Gross Achieved
Rent (R/m²/month)
185 –
245
135 –
175
100 –
130
Rent Escalation (%) 7 – 9% 7 – 9% 7 – 9%
Typical Lease Period
(years)
5 – 10 5 – 10 1 – 5
• Retail centres include V & A Waterfront (1.2 km),
convenience retail on Somerset Road (500m) and high
end entertainment and dining options available on Beach
and Regent Road
• Preferred location for convenient stores and luxury food
offerings

26. Social and Sustainable
Green Place Pty Ltd
Social
• Seeks to overcome segregation through transport
and mobility, better connecting people’s homes to
employment opportunities
• Higher density residential affordable housing for
middle income young professionals
• Addresses major issues of exclusion for those that
desire to live in this development
• Efficient, insourced housing option; Affordable
sector is defined as an average monthly household
income of R25,000 to R30,000
Green Star rated, with a minimum of a 4-star
rating
• Greywater
• Solar
• Low flow water aerators
• Alternative building materials
• Indigenous landscaping
Initiatives and Future Proofing of Green Place
• E-bikes
• Encouraging entrepreneurial programs
• Exhibition space in the centre of the square
• Roof ready for Uber Air

27. Product that the market needs
Green Place Pty Ltd
Residential (252 units)
• Entry level employee;
• Aged between 20-30 years old;
• Eco conscious and wants to live in the
city and close to work;
• Who value flexible / rented forms of
accommodation
• Well located, flexible and functional
accommodation
• Reasonable prices
Office (Rentable Area: 6,000m²)
• Occupant who values:
flexibility and
convenience, is
eco-conscious
Forward looking
• Congruent with corporate identity
• Corporates which provide flexible
working
• Early phase companies which have
outgrown the start-up phase and are
looking to set-up their first corporate
office;
• Medical and health practitioners
Retail (Rentable Area: 1,929m²)
Convenience offering servicing
residents, offices, tourists and local
community:
Stores will include:
 Food: Fast food, Eatery and basic
grocer
 Essential Services: Levingers, Hair
Stylist/Barber, ATM
 Ecommerce: Click and Collect
hub/ Internet and printing shop

28. Green Place Pty Ltd
Layout Options
2 Bedroom 45m² 1 Bedroom 23m²

29. Green Place Pty Ltd
Residential Interiors
Snow White Black Gold

30. Green Place Pty Ltd
Flexible Co-Working Space

31. Green Place Pty Ltd
Convenient Shop and Play
Eatery, Fast Food, Healthy Food
Grooming, Healthcare, Internet and Postage, Fitness

32. Green Place Pty Ltd
Medical & Health
Medical Suites
Wellness Centre
Chiropractor
Lifestyle coaching and wellness consultant
O ccupational practitioner
Physiotherapist
Biokineticist
Psychologist

33. Green Place Pty Ltd