Golden Acre entering her Golden Era, says property journalist

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Vicky Stark

14 January 2026 | 5:28

“These guys are going to build 414 [residential] units; 300 of those will be studios,” says property media professional Ash Müller.

Golden Acre entering her Golden Era, says property journalist
The Golden Acre's office tower will soon boast rental accommodation and an upgraded retail space.
Müller, who has written extensively about it, says that, after years of negotiations, the property was sold to Putirex (Pty) Ltd for R781-million. Construction started last year.
She believes the development will be a catalyst for improving the rest of the Adderley Street precinct.
"That whole node has been such a hot spot because of the coming and going. The taxi ranks, the trains. Just the general people on foot, walking around. I just think it's so desperate for rental units.
"We've obviously got a huge problem in this country where people are spending almost half their income on transport, which is crazy. These guys are going to build 414 units; 300 of those will be studios."
Müller explains that the Golden Acre was originally built for Sanlam in 1979, and what is happening now is an office-to-residential conversion.
In Cape Town, there is strong demand for premium office space in the Waterfront and Century City. However, as far as the other types of office space go, there was a surplus after Covid, Müller says.
She says another amazing project across the way from the Gold Acre is The Mutual development, which is in phase 2 of planning.
"That's going to be eight floors of student accommodation, about a 20,000 square-metre building with 1,500 beds and a project cost of R450-million."
To listen to Müller's full discussion with CapeTalk's Clarence Ford, use the audio player below:
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