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Green Building, Sustainable Building, Old Mutual

Development starts on new old mutual green building

The 12-storey building is targeting a five star Green Star SA rating from the Green Building Council South Africa, in alignment with the company’s commitment to sustainability.

Old Mutual Emerging Markets (OMEM) has unveiled the design of its new look headquarters on Stella Road in the heart of Sandton, where the company will be located from the end of 2017.

The company will move from the current location, Mutual Square on Grayston drive, to the new development, which had its sod-turning, marking the start of construction at the beginning of December.

Ralph Mupita, CEO of Old Mutual Emerging Markets, says the new head office will provide a convenient central hub from which the business will drive its collaboration initiatives and further expansion plans in Africa.

About 500 employees from Mutual & Federal will also be moving to the Stella Road building.

“Our aim is to further strengthen the strategic collaboration already underway between Old Mutual’s life, asset management and short-term insurance businesses. It will help us to reduce the cost and time inefficiencies associated with multiple office locations, and promote the alignment of our group culture,” says Mupita.

“By ceremonially breaking new ground here, in the middle of the city that is a major financial and commercial gateway to Africa, we are also signifying that we are confident about the future of Africa and confident about our role – as well as South Africa’s role – in it,” Mupita adds.

The new 30 000 square metre Stella Road premises developed by Old Mutual Property will be visible from the main arterial routes of Rivonia Road and West Street. It is directly opposite the Sandton Gautrain station, and will strengthen Old Mutual’s corporate presence in the Sandton CBD.

The 12-storey building is targeting a five star Green Star SA rating from the Green Building Council South Africa, in alignment with the company’s commitment to sustainability.

The site will feature an urban precinct around an internal ‘piazza’ incorporating retail outlets that will be attractive to customers and employees.

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