Construction of a R102-million industrial park is under way on a 7,4 ha site in Goodwood Road, Mahogany Ridge, the key Pinetown warehousing and light manufacturing address, the developer said in an email statement at the weekend.

The development, which is being built by the Old Mutual Property Group, is reportedly in response to a shortage of large industrial space in greater Durban. It is part of a R1-billion development pipeline for the group and will consist of four units of warehousing space, with offices. The largest unit is a generic in nature, consisting of 22 000m2, which can be divided as required, with the others at 7 000m2, 3 500m2 and 2 500m2.

The development is expected to be ready for occupation in the first half of 2007.