THE eastern precinct of Cape Town’s Foreshore is set to register one of the larger office relocations in the area in recent years.
After 20 years in Broadway Centre on Hertzog Boulevard, BDO Spencer Steward is moving its growing accounting and business services practice into 2 400m2 at the former ICL House on the corner of Oswald Pirow Street from December 1.
The property was proposed by Viv Delbridge, of Corporate Real Estate Services (CRES) division of Old Mutual Properties. BDO managing partner Ian Scott says the building is being remodelled to to their specifications following its purchase by a consortium in a transaction jointly brokered by Delbridge and Dudley Annenberg of Annenberg Real Estate.
“We have grown from merely being an accounting practice into advisers to expanding and owner-managed businesses and needed more modern open-plan offices,” explained Scott.
“CRES highlighted the former ICL House to us as a potential solution, but we elected to pursue other alternatives. None of these were realised. We were then again approached by Viv Delbridge of CRES and Dudley Annenberg and opted for the move, given that parking would be built in and space remodelled to our requirements. The Foreshore offers good value and is close to public transport.”
Two floors of the seven-storey building are being revamped to house 50 parking bays. BDO Spencer Steward will occupy the top three floors and two others are being let.
ARTICLE ORIGINALLY PUBLISHED IN 2003
