The iconic Regent building, located at 19-33 Regent Road in the bustling neighbourhood of Sea Point, Cape Town, has been officially sold for an impressive R150 million.
This seven-storey property, measuring 5 434m2, is strategically positioned directly across from the popular Mojo Market, making it a coveted asset in one of the city’s most vibrant areas.
The new owner, Quorum Holdings, is set to transform the space into a mixed-use development, capitalising on the building’s prime location. Known for their successful project Lady Backs, a residential block featuring 60 apartments also on Regent Road, Quorum has a strong track record in the property development sector.
Their portfolio is further bolstered by developments such as The Valour in De Waterkant and the chic Charlie & The Chairman in the Cape Town CBD, all of which have garnered positive responses from the market, as reported by property broker Ash Muller.
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Given the company’s previous successful projects, there is much anticipation surrounding how this fresh development will enhance the local community and economy.
Previously owned by CapitalGro, the Regent property has gone through various changes since being acquired in February 2014 and has hosted a mix of retail, office, and residential apartments.
The sale, officially sanctioned by the Competition Commission, marks a significant milestone for both the property market in Sea Point and Quorum Holdings.
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Picture: Ash Muller / LinkedIn
