Growthpoint: New Western Cape industrial park takes shape

Johannesburg/ 3 September 2014/ BizNews.

Construction of the new Growthpoint Properties-developed Range Industrial Park in Cape Town is well under way.

The brickwork, concrete, steel and roof structures are forging ahead on the strategic site which Growthpoint acquired in Blackheath in late 2013, says Riaan Munnik, development manager of the listed property group.

Range Industrial Park is zoned for warehousing and office use, with opportunities for development customised to tenant requirements – ranging from around 2,500sqm to 5,000sqm. The total rentable area being developed is approximately 9,500m².

The R50-million new development is situated on the corner of Range and School roads in the Blackheath industrial node – with easy access to the N1 and N2 highways from the R300, just 1,5km away, as well proximity to public bus and train transport.

"Range Industrial Park is big-box warehousing at its best – providing excellent premises for storage or logistics operations" by way of a free-standing stacking height of six metres and a maximum stacking height of eight metres, says Munnik.

"Each of the four units has its own fully finished office component complete with dedicated entrance lobby and staff amenities – including toilets and showers," he adds.

The convenient location of the park is coupled with a secure access-controlled environment, opportunities for expansion and is serviced by the Blackheath City Improvement District, which includes top-up security and cleaning services.

"Range Industrial Park is a modern and unique development making it a prime location in Blackheath at a very affordable rental," says Munnik.

He also highlights the benefits of Growthpoint's UNdeposit option at Range Industrial Park. "Instead of paying a deposit, qualifying businesses can opt for our UNdeposit and keep their working capital to assist business growth or moving costs."

Growthpoint Properties Limited is a leading South African REIT and a JSE ALSI Top 40 Index company. It owns and manages a diversified portfolio of 434 directly owned properties in South Africa, 51 properties in Australia through its investment in GOZ, and a 50% interest in the properties at V&A Waterfront, Cape Town. It also has investments in the REITs Acucap Properties (34.7%) and Sycom (15%). Growthpoint's consolidated property assets are valued at R76,2 billion.