Nedbank approves R72million development facility

Posted On Thursday, 01 April 2010 02:00 Published by eProp Commercial Property News
Rate this item
(0 votes)

Nedbank Corporate Property Finance: Cape has funded the development and completion of a R72 million production, warehousing and distribution facility in Bellville, Cape Town on behalf of Swish Property Group.

Nedbank

 

 

 

 

 

 

 

The facility will be occupied by companies that manufacture and distribute bread buns for McDonalds and KFC.The manufacturing facility, consisting of 4975m² of warehousing and 675m² of office space, has been  built to accommodate East Balt South Africa, a trading partnership between US-based East Balt Bakery and local listed company Astral Operations Ltd.

The distribution facility, including 2360m² of warehousing, 1150m² of cold storage and 415m² of office space is to be occupied by Digistics, which distributes all product lines nationally for McDonalds and KFC.

East Balt is the preferred partner for the global manufacture of bread buns for McDonalds and for KFC in certain countries. To properly service the ever-expanding McDonalds enterprise, East Balt owns and runs 22 bakeries worldwide, in four regions:  the US, Europe, Africa and Asia.  The Bellville bakery will produce 36 000 buns per hour for distribution to the Western Cape, Eastern Cape and KZN markets. 

The facility is built to also accommodate the production of tortilla Wraps, English muffins and numerous other baked product lines.

The origins of Digistics can be traced back to the Anderson Dubose company – a quick service restaurant distribution company in the United States. Digistics is a pioneer in multi temperature distribution in South Africa and, following a management buyout in 2003, the company has grown from 40 employees to over 400 in the last three years. Digistics currently operates out of seven distribution centres nationwide and is the exclusive distributor for both KFC and McDonalds amongst others.

Richard Thomas, divisional executive of the Cape Division of Nedbank Corporate Property Finance says “The Swish Property Group has been a long standing client of Nedbank and has developed and invested in numerous industrial developments over the years. This particular development is slightly unusual in that it has been built according to the strict requirements of the two tenants, who have a strong reputation for developing their products to world class standards”.

Last modified on Monday, 12 October 2015 15:57

Most Popular

Residential property market gathering momentum, says Eazi Real Estate

Nov 18, 2020
Parklands_3_bed_sale_R1.999m_Eazi_Real_Estate
In this last quarter concluding in December 2020, the residential property market…

Lockdown impacts buying trends of generations of home buyers

Nov 15, 2020
Andrew_Golding_Golding_PropertyGroup
The Covid-19 pandemic and lockdown has been a catalyst for highlighting the different…

Second-hand shopping is being revolutionised and expanding the circular economy

Nov 18, 2020
EPP CEO_Tomasz Trzoslo
Conscious consumers are championing the resale of goods to reduce waste and extend the…

Pam Golding Properties awarded Best Real Estate Agency in South Africa in International Property Awards

Nov 18, 2020
IPA Awards Pam Golding Properties 2020 - 2021
Competing against real estate companies from around the country, this is the 14th year…

SA commercial real estate delivers in excess of 12% yield on equity

Nov 18, 2020
Steven_Brown (1)
A silver lining amongst the many dark clouds dominating South Africa’s current economy…

Please publish modules in offcanvas position.