Discovery Limited finds a new home in Sandton

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Standing Left to Right: Rudolf Pienaar – Growthpoint; James Tannenberger – Zenprop Property Holdings; Estienne de Klerk – Growthpoint; Adrian Gore – Discovery; Barry Swartzberg – Discovery and John Robertson – Discovery. Standing Left to Right: Rudolf Pienaar – Growthpoint; James Tannenberger – Zenprop Property Holdings; Estienne de Klerk – Growthpoint; Adrian Gore – Discovery; Barry Swartzberg – Discovery and John Robertson – Discovery.

Regus

Discovery Limited, Growthpoint Properties and Zenprop, today launched a four-year property development that will see Discovery's more than 5 000 employees move into a new head office in Sandton.

The new offices will serve as the company’s hub for the growing international business that now has operations in South Africa, the US, UK, China and Singapore.

It will house all Sandton-based employees who are currently working in four different buildings in the Sandton CBD.

The development is expected to be completed by mid-2017 with all employees relocated to their new office space by January 2018.

Discovery’s Johannesburg-based employees are currently working in four buildings in the Sandton CBD area

The healthcare cover and life assurance group has grown significantly over the past few years in terms of current businesses as well as new ventures and initiatives.

The development, which will be co-owned by Growthpoint and Zenprop, and Discovery will be leasing the space over a long-term period.

John Robertson, Discovery Limited Executive Director, commented, “Over the past few years, our headcount in the Sandton campus has grown each year by an average 6%. In reviewing our current office space it has become clear that we will quickly need more space to meet our long-term capacity needs for the next 15 years.”

Rudolf Pienaar, Divisional Director for Offices from Growthpoint, said, “We are excited to partner with Discovery and Zenprop on what will be one of Sandton’s most iconic landmarks.”

Joint venture partner Zenprop Property Holdings CEO, James Tannenberger, added, “Consisting of two wings, the design of the Discovery building will allow for a phased approach to growing the headquarters as Discovery continues to expand operations.”

The building will incorporate a GBCSA (Green Building Council South Africa) green building accredited rating of at least four stars.


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