A Landmark Opportunity in the Heart of Rosebank
Galetti Capital Markets is proud to bring to market one of Johannesburg’s last remaining large-scale development opportunities in Rosebank: the share sale of a fully-zoned, high-density mixed-use development site at the corner of Oxford Road and Jellicoe Avenue.
Strategically positioned directly opposite the Rosebank Mall and Anglo American HQ, and just 600m from the Gautrain, this 4,083m² corner site offers unmatched visibility, footfall, and accessibility in one of Johannesburg’s most active growth nodes. With zoning rights that allow for up to 20 storeys and 10 bulk, this is a true landmark development opportunity – offered via a clean, share-based transaction.
Prime Location, Proven Demand
Rosebank has undergone a transformation over the past decade, now home to South Africa’s most iconic corporates, hospitality groups, and institutional landlords. This particular site is surrounded by heavyweights like Redefine, Growthpoint, and Old Mutual. Demand for Grade-A office space, luxury residential apartments, and premium hotels remains high, supported by public transport infrastructure and strong retail anchors.
This is the only remaining large-scale, mixed-use development site on the east side of Oxford Road.
Why This Deal Stands Out
What sets this opportunity apart is not only the location and density rights – but the structure of the transaction. The sale is being offered as a 100% share sale of a newly formed, VAT-registered NewCo holding all six erven. This makes for a highly efficient transfer structure, with no transfer duty payable and a seamless change of control upon conclusion.
- No Transfer Duty: Structuring under Section 42 of the Income Tax Act ensures the tax-neutral transfer of property into NewCo, making this a clean, VAT-based transaction.
- Development Ready: Rights for up to 380 apartments or 750 hotel rooms, 80% coverage above ground, and 4 parking bays per 100m² of GLA.
- Infrastructure Confirmed: Power, roads, waste, and municipal services all signed off.
- Architectural Freedom: The corner site allows for ingress/egress flexibility and a striking, skyline-defining design.
Registering Interest: Tailored to You
As part of the process, interested bidders are invited to register their interest and indicate their preferred bulk requirements. While the site currently carries approved rights for 10 bulk, buyers who do not wish to develop to full intensity will be considered. A rezoning process is planned to reflect revised development intentions, allowing for flexibility aligned to buyer strategy.
Transaction Structure & Timeline
This is a share deal, and the bidding process follows a formal tender route. Interested buyers must submit final binding offers by 31 July, with shortlisted bidders proceeding to negotiation and close in early August. Full access to data room materials is granted upon NDA, FICA, and proof of deposit.
Summary
Whether you’re an institutional investor, REIT, or developer looking to deliver a premium-grade product in one of Johannesburg’s most sought-after nodes, this opportunity cannot be overstated. With zoning, infrastructure, and legal structure already in place – and development intensity flexible to suit your goals – this is your chance to shape Rosebank’s next landmark.
📩 To register your interest or access the data room, contact: capitalmarkets@galetti.co.za
