R90 million deal shows growing investor appetite for Joburg’s office-to-residential conversions

Galetti Corporate Real Estate has brokered a R90 million deal in Parktown North, Johannesburg, converting a landmark office block into affordable residential apartments. This reflects a broader trend of office-to-residential conversions in high-demand areas like Rosebank, driven by strong demand for affordable urban living and underutilised office stock. With Johannesburg’s housing need rising—especially among young professionals and students—these conversions offer investors value and flexibility, reshaping the city’s property landscape for sustainable, integrated urban growth.








