DURBAN Waterfall is emerging as a high-demand node in KwaZulu-Natal as industrialists, facing a shortage of quality premises, look for opportunities in outlying areas.
Situated between Durban and Maritzburg, Waterfall's status as a government incentive node and its proximity to extensive labour resources are key drawcards, says developer David Rowles.
While Pinelands Industrial Park is fully let, demand for space has paved the way for development of further phases, Rowles says.
The high-security complex offers high-spec industrial premises ranging from 240m² to 720m², with three-phase power and mezzanine-level offices.
Rowles says many of the older industrial areas in Durban, like Jacobs and Mobeni, have obsolete factories.
And the newer areas like Springfield Park have little space to offer.
"The quality space available closer to Durban commands a premium price, which is not financially viable for many businesses," he says.
This has prompted a growing number of inquiries from businesses about Waterfall.
Here land prices are reasonable and there is space to accommodate expansion of industries, Rowles says.
The development of another 20000m² of factory space in the area is scheduled for completion by the first quarter of this year.

Feb 28 2001 12:00:00:000AM Nicola Jenvey Business Day 1st Edition