Release on behalf of Old Mutual Property Group
 
An R83 million expansion at Phumelela Park, an Old Mutual industrial park at Montague Gardens, Cape Town, is expected to be ready for occupation in the first half of 2007. 

The development by Old Mutual Property Group is in response to rising demand for large industrial space in greater Cape Town. It will consist of warehousing space, with offices, on a 5,75 ha area within the park.

The park has quick access to major distribution routes such as the N1 and N7 and is close to the harbour, Cape Town CBD and the northern areas. It is in a precinct bounded by Montague Drive, Racecourse Road, Freedom Way and Omuramba Road. Existing tenants include Maskew Miller Longman, Aberdare Cables, Cargo Planning and Distribution, Crown Removers and Foschini.

The units will range from 3 500m² upwards and will specifically cater for the medium to large-scale user on which Old Mutual Property Group has focused in recent years.

Specifications include clear eaves heights to 8m for maximum racking,  power floated floors,  insulated roofs,  abundant natural lighting, vehicular access through steel roller shutter doors, ample yard space and substantial truck turning circles.  

The park’s existing steel fencing and gates, security lighting and interlocking paved yard areas will be extended for the expansion.