09 Nov 2010
South Africa’s industrial property market has performed poorly in the past year and FNB’s property strategist, John Loos attributed this to the tough economic conditions that faced manufacturers in the wake of the 2008/09 world economic crisis.
However, this did not deter Growthpoint Properties from going ahead with a redevelopment project at Jet Park in Ekurhuleni where 15 new industrial units are available in sizes that range from 300 sqm to 1 000 sqm.
The Anchor industrial park in Yaldwin Road was developed at a cost of R6-million and each unit has its own reception area, offices, a warehouse, kitchen, toilet facilities and a refuse yard.
The park has 24-hour armed guards patrolling the area that is surrounded by an electric fence, has landscaped gardens and a guardhouse at its entrance.
Company portfolio manager, Jason Reeves says that Anchor Park provides quality industrial space with excellent access to the N12 and R21 highways. The park is designed to accommodate large vehicles and provides plenty of space to manoeuvre big trucks.
Growthpoint is one of South Africa’s major property companies and has a market capitalisation of R27-billion. Its portfolio includes more than 430 properties in South Africa valued at R30-billion and 32 properties in Australia valued at R6-billion.
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Paddy HartdegenFreelance columnist at property24.com.
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