Decay, refurbishments prompt move uptown for National Treasury
This emerged in a written reply by Godongwana to a parliamentary question by EFF MP Nothando Nolutshungu, who asked whether the Treasury had decided to permanently move from the two CBD buildings.
'The National Treasury has decided to vacate the building at 240 Madiba Street, Pretoria, due to significant building decay and infrastructural challenges, which pose serious health and safety risks for staff and operations,' Godongwana said.
'However, 40 Church Square has not been vacated. It remains state-owned and forms part of the Treasury's long-term accommodation strategy. The intention is to refurbish and retain it as a heritage finance building, given its historic and strategic value.'
The Treasury was finalising the new leased offices and waiting for the signed lease agreement between the prospective landlord and the public works and infrastructure department (DPWI).
'The rental cost under the former lease for 240 Madiba Street was R6,799,376.36 per month. The rental for 40 Church Square is R2,629,209.66 per quarter. Leases are entered into between the DPWI and the prospective landlord and are waiting to be finalised.'
The new premises are owned by the Public Investment Corporation and finalising the lease is still under way. A signed lease agreement between the prospective landlord and the DPWI is being awaited.
'An assessment was conducted on the condition and potential refurbishment of 40 Church Square. As a result, the building is to be retained and refurbished, with plans aligned to preserving its heritage status and ensure it remains functional within the Treasury's accommodation portfolio.'
While the Treasury acknowledged the long-term fiscal benefits of government ownership of office accommodation, these matters reside with the DPWI, he said.
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