Growthpoint Properties snaps up 8 hectare site in Cape Town

Growthpoint Properties has bought one of the largest and last remaining unutilised properties for industrial development in Bellville, Cape Town, the company said on Thursday. Spanning nearly 8 hectares, the site is prominently positioned adjacent to the well known Sacks Circle industrial site. It was acquired from AECI Sans Fibres and the deal was facilitated by Cape Industrial Properties. “This excellent site offers all the benefits of a prime location in a well established industrial node – substantial electricity, great road access, public transport and generous yard space,” says Growthpoint Properties Development Manager Riaan Munnik. “It is an exceptional opportunity to grow our industrial footprint in the region with a unique property that can be customised to meet the needs of a manufacturer or big box warehousing.” The site enjoys an ideal position on Mill Street, near the corner of Robert Sobukwe Road (formerly Modderdam Road) and Peter Barlow Street. It benefits from outstanding visibility on the R300. It also offers easy access to the R300 main arterial which connects to both the N1 and N2 highways. And, for public transport users, it is a short walk from the Bellville Stikland train station. The site also benefits further from the shared security check point with the adjacent Mega Park. Bellville/Stikland is a well established industrial area and home to some of South Africa’s most successful industrial businesses, including Consol Glass, Addis, Nampak, Jon Thompson and Macsteel. The development has a General Industrial 1 zoning in place. Importantly, it has the option for two access points for security controlled entrances which offers optimal vehicular circulation and generous yard spaces. Growthpoint is the largest South African REIT and a JSE ALSI Top 40 Index company. It owns and manages 393 properties in South Africa, 44 properties in Australia through its investment in GOZ and a 50% interest in the properties at V&A Waterfront, Cape Town.