Intersite launches Tygerberg industrial park

Posted On Tuesday, 06 February 2001 03:01 Published by
Rate this item
(0 votes)
INTERSITE Property Management Services is building on its already strong reputation for developing state and public-private sector partnerships with the launch of phase one

INTERSITE Property Management Services is building on its already strong reputation for developing state and public-private sector partnerships with the launch of phase one (1 600 square metres) of the R12-million Tygerberg Industrial Park development. The project is spearheaded by GR Projects for the Namakwari Trust and comprises light industrial and commercial units totaling approximately 12 000 square metres. The first phase is valued at R2-million.
Speaking at the launch presentation, which was attended by Transport Minister Dullah Omar and MEC Piet Meyer, Intersite's Regional Executive Manager Kevin Roman highlighted the development as further tangible evidence of Intersite's commitment to the advancement of entrepreneurship in the Western Cape.
"As a subsidiary of the SA Rail Commuter Corporation (SARCC), Intersite is committed to the development of state and public-private industry relations through the effective development of under-utilised state-owned land," explained Roman.
"Tygerberg Industrial Park forms part of Intersite's multi-million rand, multi-project development plans in the Western Cape and the employment and training opportunities inherent in this project are proof of the company's commitment to the economic empowerment of Western Cape communities."
According to Gerald Raatz, head of GR Projects, the main attractions of Tygerberg Industrial Park for local entrepreneurs and businesses are that it is affordable, centrally situated and offers units with a contemporary and flexible design.
"Apart from the obvious benefits to entrepreneurs in the region, Tygerberg Industrial Park utilises SARCC owned land," explains Raatz, "so it holds the added advantage of generating sustainable income for the company."
Phase two of the project will commence shortly and already the Tygerberg Industrial Park is proving immensely popular with prospective tenants from the area.
Roman says, "This development is part of a broader plan to put the train in a 'development tunnel'. Developments of this nature fills in excess land and prevents penetration of the fence line into the rail environment, thus allowing securitisation to be most effective.
"Intersite's vision has always been to maximise the use of the properties under its management in such a way as to positively impact on the lives of the communities surrounding those properties," concludes Roman, "Tygerberg Industrial Park is a shining example of the effective realisation of this vision."

Publisher: Cape Business News
Source: Cape Business News

Most Popular

Exemplar REITail Acquires Katale Square Shopping Centre

Sep 23, 2019
Real estate investment trust, Exemplar REITail, has acquired Katale Square shopping…

Mall of Africa Celebrates Launch of New Generation Pick n Pay Store

Sep 23, 2019
Today Mall of Africa welcomed one of South Africa's biggest grocery retailers to the…

Grit Real Estate financial results for the year-ended 30 June 2019

Sep 30, 2019
London Stock Exchange listed Grit, the only listed Africa-focused income distribution…

4AX listed Heartwood Properties reveals positive financial results

Sep 23, 2019
Commercial property development company, Heartwood Properties¬†, has revealed a 30%…

Reserve Bank keeps repo rate unchanged

Sep 23, 2019
¬†South African Reserve Bank Governor Lesetja Kganyago on Thursday said this is in line…

Please publish modules in offcanvas position.