It is Emira’s first residential development. Chief executive Ulana van Biljon said yesterday that the conversion was living up to expectations, and the letting, rental levels and overall management were doing well. The Bolton is a result of the conversion of two Rosebank office property assets, which were consolidated into one, and which Sasol occupied for many years.
The JSE-listed Reit co-invests with hands-on specialists in their fields, and in the case of The Bolton, Emira’s partner the Feenstra Group added its residential development and property management expertise to the project.
The Bolton stands out from other residential accommodation in Rosebank, offering amenities such as swimming pool, cinema, meeting rooms and free WiFi, but with smaller units that are aimed at its target market of young professionals.
“It has attracted residents mainly in their early 30s from a range of professions from advocates and accountants to medical and health professionals, bankers and business owners,” Van Biljon said. There are also a small number of furnished, serviced units at The Bolton, for corporate tenants.