New business park blooming at Cape Town Airport

Posted On Thursday, 14 March 2002 03:01 Published by
Rate this item
(0 votes)
An area long under the eye of various Cape developers is finally coming into bloom.
An area long under the eye of various Cape developers is finally coming into bloom. A new business and industrial park, Airport City, is about to take shape at a site where earlier developments had almost completely sold out. Total land sales over the next five to eight years could top R180 million.

The project, financed by the Cape of Good Hope Bank, is being developed by Airport City Property Holdings at a site between Borcherds Quarry Road, the N2 freeway to Somerset West, Thunder City and the airport runways. It has a total area of 66,6 hectares, which will be divided into 223 erven.

Phase one of the project now being launched will cover 168.300 m² and will put 73 erven on the market with a value of R40 million. The first 40 erven will be ready for occupation in the third and fourth quarter of this year.

Richard Edwards, head of Commercial and Industrial Property at COGHB says the site has major advantages, being close to the airport and Cape Town and having easy access to the freeway network.

The area has already proved very popular with freight, car hire, warehousing and light manufacturing companies. Prices in phase one will be around R230 per m².

Publisher: Rode
Source: Rode

Most Popular

SA property prospects as we look beyond COVID-19 lockdowns

Jun 11, 2020
John Loos FNB Property Economist
“The COVID-19 Crisis has changed the world a lot, perhaps less through introducing new…

University of Fort Hare construction resumes

Jun 18, 2020
Construction of UFH Student Housing
Following two months of hard lockdown, the development of a 2 047-bed student village at…

The success of online Property Auctions

Jun 05, 2020
The current state of the economy brought about by many factors including the Covid 19…

Estate Agency Affairs Board to re-open its doors this month

Jun 13, 2020
Mamodupi Mohlala
The Estate Agency Affairs Board (EAAB) will re-open its Sandton, Johannesburg offices…

Grit to improve liquidity, save costs through proposed JSE de-listing

Jun 11, 2020
Bronwyn Corbett Grit
London Stock Exchange listed Grit announced its intention to de-list from the JSE.

Please publish modules in offcanvas position.