NPV will embark on extending and refurbishing its new Absa on Grove acquisition by 2 floors, providing an additional 3500m2 of A-grade office space. These offices will be of glass and steel, providing much natural light and mountain views into the extra high ceilinged premises. With the makeover, the building will also be given a new external identity and be renamed “Grove Exchange”.
The new Grove Exchange will provide a renewable energy source by placing over 200 roof mounted solar P.V. panels on the flat roof portion of the existing building, which will equate to a 3 star Existing Building Green Star rating. This project alone, costing in excess of R1 million, will produce over 80,000kw/h of solar electricity per annum which will be used to power the building’s basement parking and common area lighting. This, together with energy efficient L.E.D lighting and other low carbon footprint initiatives, will enable Grove Exchange to qualify for a 3 star Existing Building Rating from the Green Building Council of South Africa.
Planning authorities from the City of Cape Town granted approval and with project planning underway building works are to commence on 1 April 2015 with completion expected in phases from November 2015 through to April 2016.
The improvements and extensions will include upgrade to all common area lobbies and the “Chill Zone” atrium on the 3rd floor. Lifts will also be replaced in phases to ensure minimum disruption to existing tenants and Fibre optic cabling will be installed for cost effective and lightning fast internet and data.
Grove Exchange is set to become one of the most sought after office accommodation addresses in the Claremont CBD.