End of an Era: The Carlton Centre is apparently up for sale

GAUTENG – The Carlton Centre building in Johannesburg CBD which is still regarded as the tallest building in Africa is up for sale. Transnet, which currently manages a portfolio of commercial and residential properties with a book value of R6.5 billion, has decided to let go of the building. According to Transnet, its property unit was established on 1 January 2008, by merging Propnet and Transnet Housing.

In what is considered its flagship property, Carlton Shopping Centre boasts a tenant mix that includes leading local brands such as Pick n Pay, Woolworths, Timberland, Edgars, Mr Price Kiddies, Absa, Nedbank, Standard Bank, Capitec, Clicks, McDonald’s, Nando’s, KFC and Wimpy.