Transunion House, Wanderers Office Park, Corlett Drive, Johannesburg
Dorispan (Pty) Ltd acquired a second property in March 2013. The property, which is located in Wanderers Office Park in Johannesburg, comprises a 7000m2 head office building for Transunion Africa, which is one of the leading credit bureaux in the world. Transunion has occupied the property since it was developed for them in 2002 and has recently extended the lease on a long-term renewal.
The property was acquired for R84million at an initial yield of 9%, with the rental escalating at 7.5% per annum.
Wanderers Office Park is an extremely well located commercial precinct, equidistant between the Illovo Boulevard and Melrose Arch clusters. The park comprises four A grade corporate office buildings, all of which accommodate significant national and international tenants.