And adding to the eventual positive result of this highly regarded Industrial Park, are the current independent upgrades being conducted by SANRAL of the surrounding N3 highway and the Elands Interchange.
“With all services for Phase 4 now installed the entire Park is up and running,” says Coenie Bezuidenhout of Atterbury Property. “The Collins Group has purchased 156 197m² of this phase. This area is being developed for Massdiscounters and a 70 000m² distribution warehouse is due for completion by April 2010. In addition, a further 65 000m² of warehouse facilities and offices are also being constructed and developed. Some of this space is already occupied by tenants such as LG Electronics, Manline and Crane Load Tech.”
With the N3 freeway upgrade currently taking place, a route that previously offered 3 lanes in each direction, will now be expanded to four lanes and will include a new onramp headed north. This will massively reduce the traffic congestion and will effectively enhance the handling of logistics for developments of this nature.
For the tenants and building owners of Raceway Industrial Park, this is an absolute bonus as it guarantees improved site accessibility. This current upgrade is set to create a sustainable long-term infrastructure utilizing the most advanced and internationally approved and recognized building methods.
Development and planning of Raceway Industrial Park commenced four years ago. The project has proven to be an overwhelming success based on the fact that the availability of industrial space, with reliable power supply, is in high demand in Gauteng.
For further information on this development, please contact Nico Prinsloo of Atterbury Property on 011 706 1176
Publisher: eProp
Source: AP
