Century City has been a standout in Cape Town’s northern suburbs for a while now — and with good reason. Over the past two decades, it’s quietly turned into a hotspot for people who want more from where they live, work, and run a business. Think polished offices, stylish apartments, great restaurants, and green spaces — all in one place.
And now, just when you thought office space in Century City couldn’t get more compelling, along comes something new: Canal Plaza.
Set for completion in November 2026, Canal Plaza is shaping up to be one of the most exciting new commercial developments in Cape Town. We’re talking about 10,800 m² of sleek, P-Grade office space across five floors — all wrapped in glass, flooded with natural light, and overlooking the peaceful Intaka Island wetlands. It’s not just about the aesthetics (although those are on point) — this is about giving businesses a workspace that actually works for people.
And with office demand still high and vacancy rates sitting at a tight 2%, Canal Plaza couldn’t be arriving at a better time.
Big Names, Big Vision
Canal Plaza isn’t a standalone effort — it’s the brainchild of two commercial property heavyweights: Abland and AssetMatrix (Pty) Ltd. If you know the South African real estate space, you know these names. Abland’s known for high-end, functional builds, and AssetMatrix brings serious Century City credibility, especially with Vivienne Gutsche (a long-standing CCPOA board director) leading from the front.
The two groups officially launched the project on 14 March 2025. Their goal? Simple: create a future-proof office development that ticks all the right boxes for forward-thinking businesses — sustainability, flexibility, accessibility, and location. They’re not just building an office. They’re adding to the legacy of Century City as a top-tier business district in Cape Town.
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Big Names, Big Vision
Canal Plaza isn’t a standalone effort — it’s the brainchild of two commercial property heavyweights: Abland and AssetMatrix (Pty) Ltd. If you know the South African real estate space, you know these names. Abland’s known for high-end, functional builds, and AssetMatrix brings serious Century City credibility, especially with Vivienne Gutsche (a long-standing CCPOA board director) leading from the front.
The two groups officially launched the project on 14 March 2025. Their goal? Simple: create a future-proof office development that ticks all the right boxes for forward-thinking businesses — sustainability, flexibility, accessibility, and location. They’re not just building an office. They’re adding to the legacy of Century City as a top-tier business district in Cape Town.
Smart Spaces for How We Work Today
Let’s get into the building itself. Canal Plaza isn’t pretending to be something it’s not. It’s a modern, well-thought-out commercial property in Century City that’s designed for companies that care about where they work. The design team clearly understood the assignment: clean lines, loads of glass, great views, and that all-important feeling of space.
Whether you’re after a compact 126 m² or a full floor closer to 3,200 m², the layouts are flexible enough to grow with your team. Inside, there’s a mix of high ceilings, premium finishes, and practical planning that keeps comfort and efficiency top of mind.
It feels smart, not sterile. Functional, not flashy.
Green Thinking That’s Built-In — Not Bolted On
Canal Plaza isn’t just leaning into sustainability — it’s fully committed. The building is on track for a 4-Star Green Star rating from the Green Building Council of South Africa, which is a pretty solid stamp of approval.
There’s smart lighting and HVAC systems that adjust to how the space is used, water-saving fittings and rainwater harvesting (super important in a city like Cape Town), and high-performance glass that keeps heat out without cutting off the view. Throw in bike racks, pedestrian-friendly walkways, and close MyCiTi access, and you’ve got a building that encourages greener commuting too.
Basically, it’s the kind of place where your business can talk the sustainability talk — and actually walk it.
Why Businesses are Watching This One Closely
Let’s talk numbers for a second. Century City office space vacancy rate is just 2%. That’s low — like, really low — and a clear sign that well-located, quality office space here is in short supply. And when you think about everything Century City has going for it, it’s no surprise.
It’s perfectly positioned between the Cape Town CBD, the airport, and the northern suburbs. You’ve got quick N1 access, reliable public transport, and a layout that makes walking between meetings (or grabbing coffee) actually doable. The MyCiTi Bus service covers the area well, and there’s a mix of gyms, eateries, and shops all within reach — including the massive Canal Walk Shopping Centre.
This place isn’t just built for business — it’s built for balance.
Let’s Talk Numbers: Rentals and What You Get
So, what’s it going to cost you?
Canal Plaza office rentals range from R296 to R325 per m². For P-Grade office space in Century City, that’s competitive for new 2026 development. Open parking bays are going at R1,000 a month, while basement bays are R1,650.
Tenants also get a fit-out allowance of up to R1,400 per m² — a serious bonus. Whether you're going open-plan or want to build out a few private offices, this helps you get there faster (and cheaper).
Want to view or chat through the details?
Reach out to Marnitz van den Bergh, Senior Broker at ANVIL Property Smith, to find out more or arrange a viewing.
Call: 072 332 8227
Email: marnitz@anvilproperty.co.za
Visit: ANVIL Property Smith
