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Brookrail August 2002 Press Release

Posted On Wednesday, 07 July 2004 02:00 Published by eProp Commercial Property News
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Landmark decision heralds extensive new development

Property-Housing-ResidentialA landmark decision to grant commercial access to the 16 hectare Brookrail site in the Koeberg Road area has paved the way for the development of a high profile office, retail and industrial park, fronting onto the N1.

The agreement was signed between the owners and the Provincial Administration of the Western Cape. The currently vacant site is situated between Koeberg Road, Ysterplaat and the N1,

The agreement marks the end of a 16 year wait by the site owners for commercial rights on the site that was previously known as the 'Shell Tank Farm' and more recently used as a golf driving range.

The estimated R12-million road works will include the extension of Section Street through the site and linking onto the N1 in the direction of Century City. The N1/Koeberg Road exit will be relocated towards Cape Town immediately after the Black River Canal and join Section Street at a T intersection.

According to Chris Wolf, regional director of JHI Real Estate, who are the sole marketing agents for the site, the decision to commercialize the site will also play a large role in relieving the traffic congestion at the intersection of Koeberg and Section Street in Brooklyn.

Wolf says that the land that will become available for development will comprise a mixture of business, commercial and general industrial development.

'The 16 hectare site is ideally located in terms of access and visibility,' he says. 'It should become an extremely viable alternative for a range of users who may currently be considering the Century City, N1 City, Montague Gardens or Marconi Beam areas.

This site will do for Paarden Eiland what the Waterfront did for Cape Town.”

In view of this, he is expecting a very good market response to the development opportunities.

Last modified on Friday, 27 June 2014 16:46

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