The marketplace wants smaller industrial stands to develop

Posted On Monday, 29 July 2013 20:41 Published by Commercial Property News
Rate this item
(0 votes)

It appears that industrial property developers are looking at developing smaller properties –certainly in the greater Irene area –and this became evident at the pre-launch of the latest industrial development in Irene, The Rietvlei Corporate and Industrial Estate.

Rietvlei Corporate and Industrial Estate

According to Org Geldenhuys, managing director of property development and marketing company, Abacus DIVISIONS,  there was an “overwhelmingly positive” response to the new development – “which is a good sign, certainly for the industrial property market.”

But he said that what had become apparent is that those property developers who are keen to buy into the development want smaller stands.

“They don’t want hectares and hectares of land to develop. They want smaller stands. So against this backdrop we have taken the step to slice our stands up into smaller segments, before proceeding with the official launch.”

“It seems there is a lot of positive drive coming from the smaller to mid-sized industrial property developers at this stage –many who are owner/developers. This air of positivism is a good sign for the commercial property market,” he said.

The new Rietvlei industrial park was launched on the back of the completion of the highly successful Route 21 Corporate Park, Irene Village Mall and Irene Farm Villages in the area.

Most Popular

Three stocks to boost your portfolio in 2020

Jan 22, 2020
Dr Adrian Saville CEO Cannon Asset Managers
After enduring a trying decade under the mismanagement and malfeasance of Jacob Zuma,…

Africrest Properties completes mixed-use development, Stanley Studios in Johannesburg

Jan 21, 2020
39 Stanley Avenue
What could be better than living in an extremely well-priced apartment or working in…

New hotspots driving cost hikes in key data centre markets - thriving market in South Africa

Jan 21, 2020
Dan Ayley Turner and Townsend
Major global data centre markets are seeing soaring construction costs as development in…

Equites Property Fund Limited to develop a R1.3 bn warehouse for Pepkor

Jan 21, 2020
Andrea Taverna Turisan  CEO Equites Property Fund
Equites Property Fund Limited (Equites) today announced an agreement with leading…

2020 Commercial Property Themes –Electricity supply and cost will be a key wildcard for the Commercial Property Sector this year

Jan 23, 2020
John LoosFNB
Will electricity supply reliability and cost increases become a key issue again in 2020?

Please publish modules in offcanvas position.