While accessible location is key, large industrial users seeking to relocate to more spacious premises in order to accommodate growth in warehousing

The Northern Industrial Suburbs, a cluster of Springfield Park, Riverhorse Valley, Briardene and Mount Edgecombe areas is fast emerging as an industrial hotspot in Durban. The area is showing tremendous growth potential in terms of industrial property as most of the South Durban Basin is oversaturated with no new land available for development. 

Underscoring the importance of accessibility of location, a fully tenanted, light industrial property in prime position in Airport Industria, close to Cape Town International Airport, has been sold for R6.25 million by Seamus Daly, JHI Properties’ leasing and sales broker in the Western Cape. 

Despite the prevailing economic challenges, an encouraging trend evident in the commercial property market is an increasing number of enquiries for distribution and warehousing space, reports Jonathan Klimek, leasing consultant for JHI Properties in the Johannesburg area.

Nedbank Corporate Property Finance has announced the conclusion of a R53 million loan agreement with the developers of a 7 000 square metre agricultural parts distribution centre in Pomona in Gauteng.

A vibrant, creative hub in downtown Johannesburg which is tangible proof of the successful regeneration of an inner city precinct that once seemed doomed to ongoing urban decay, the Maboneng Precinct is undergoing further transformation and growth.

Foreign investors accounted for 67% of all commercial property transactions in Australia in the third quarter of 2012, compared with just 30% in the same quarter the year before.

The approval by Nedbank Corporate Property Finance of R151 million in funding for the expansion of the Brandhouse warehouse facilities in Germiston reflects the confidence that one of SA's largest property finance institutions has in the stability and future of the country's commercial and industrial property sectors.

Evidence of the ongoing demand for large industrial space in Gauteng is exemplified by recent leases concluded by JHI

Following 3000sqm of take up by a logistics company, Dubai-based Darvesh Group, which operates in the packaging industry in South Africa, has taken up 11 000sqm of space in New Germany Industrial Park in a lease transaction concluded through JHI Properties KwaZulu-Natal leasing and sales consultant Nigel Atherstone. Darvesh Group’s packaging operation trades in South Africa as Technovaa Packaging Industries