New business park blooming at Cape Town Airport

Posted On Thursday, 14 March 2002 03:01 Published by
Rate this item
(0 votes)
An area long under the eye of various Cape developers is finally coming into bloom.
An area long under the eye of various Cape developers is finally coming into bloom. A new business and industrial park, Airport City, is about to take shape at a site where earlier developments had almost completely sold out. Total land sales over the next five to eight years could top R180 million.

The project, financed by the Cape of Good Hope Bank, is being developed by Airport City Property Holdings at a site between Borcherds Quarry Road, the N2 freeway to Somerset West, Thunder City and the airport runways. It has a total area of 66,6 hectares, which will be divided into 223 erven.

Phase one of the project now being launched will cover 168.300 m² and will put 73 erven on the market with a value of R40 million. The first 40 erven will be ready for occupation in the third and fourth quarter of this year.

Richard Edwards, head of Commercial and Industrial Property at COGHB says the site has major advantages, being close to the airport and Cape Town and having easy access to the freeway network.

The area has already proved very popular with freight, car hire, warehousing and light manufacturing companies. Prices in phase one will be around R230 per m².

Publisher: Rode
Source: Rode

Most Popular

Pam Golding Properties achieves record price of USD13.6m for sale of luxury home in Mauritius

Mar 12, 2024
Villa sold for USD13.6m Mauritius, patio & pool
The Mauritius office of Pam Golding Properties has sold a six-bedroom, luxury beachfront…

Simplified capital structure and operational performance delivers strong 1H2024 results for Fortress Real Estate Investments

Mar 12, 2024
Cornubia Ridge LP_March 2024
Fortress Real Estate Investments delivers strong 1H2024 results: Simplified capital…

Dipula and REO’s innovative approach to tenant installation for EOH grows a sustainable furniture initiative

Mar 12, 2024
Interior EOH in Montrose Place at Waterfall Park in Midrand 3
Dipula Income Fund’s new lease with EOH for the Montrose Place at Waterfall Park in…

Please publish modules in offcanvas position.