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CONSTRUCTION WORLD
APRIL
2016
A leading property investor and
developer in South Africa and
beyond, Atterbury has designed the
ready-to-develop park to provide
103 000 m
2
of modern business space for
blue-chip light industrial users requiring big
box logistics warehouses as well as show-
rooms and offices.
Superbly located at the intersection of
the N3 highway and Rand Airport Road, right
on the Elandsfontein interchange, Atterbury’s
highly visible site is on the preferred side of
the busy Gillooly’s interchange for freight
coming into the province from Durban and
other port cities.
Gosforth Park is an area that Atter-
bury knows well. A decade ago, Atterbury
purchased the former Gosforth Park horse
racing track, turned motorsport raceway,
from Wesbank.
It redeveloped the property into Raceway
Industrial Park, the first major commercial
property development in the node and
a trigger from exponential surrounding
property development, which it sold on to
Pangbourne in 2009.
Coenie Bezuidenhout of Atterbury
Property Developments explains that, in
addition to its track record of demonstrated
development success in the Gosforth Park
node, it chose this site as part of its expanding
portfolio of developments in Johannesburg
because the node is set to receive a new injec-
tion of investment.
Also, the Atterbury site is the best positioned,
and last, major site for development in the
immediate area. “It offers sweeping highway
frontage with excellent visibility and has
superb in-out access right on a major highway
intersection,” says Bezuidenhout.
Commenting on the development,
Wouter de Vos of Atterbury says: “Industrial
property remains attractive and represents
a defensive property play during a cycle
of uncertainty. It commands longer leases
relative to other commercial property sectors.
In a rising interest rate environment, it is an
asset class that can match debt with income
profiles. For Atterbury, it also lowers risk by
strengthening the sectoral diversification of
our assets.”
He adds: “We’re particularly pleased to
secure such a sought-after site in a major
established and growing industrial node in
Gauteng – SA’s economic hub.”
Atterbury’s Gosforth Park development
is at a strategic transport confluence, which
links Gauteng to the rest of the country, the
region and the world, by road, rail and air.
As well as its excellent access from the N3
highway, it also is easily accessible from
factory area, constructing a new 2 500 m²
office block and a complete upgrade to all the
existing offices with new carpets, ceilings and
energy-efficient lighting and air conditioning.
All the polycarbonate sheeting on site
will be replaced to ensure the maximum
use of natural light in the warehouse area.
Major development in
GERMISTON
Atterbury will develop a R850-
million industrial and business
park on the prime site it has
acquired in Gosforth Park,
Germiston, in Ekurhuleni.
the N12, N17 and even the M2 highways.
It has a dominant position at the gateway
to Gosforth Park and surrounding business
areas. The development is also near to the
City Deep inland port.
“This development is positioned to be
the first choice for business, especially those
involved in logistics – from cargo handling to
courier services, warehousing and freight,” De
Vos points out.
The development will be undertaken by
Atterbury Property Developments. Construc-
tion will begin this year and the development
is set for completion over the next three years.
Bezuidenhout confirms the develop-
ment is already zoned and serviced, and the
business park is ready to develop as a full site,
or industrial facilities up to 70 000 m
2
and
starting from 10 000 m
2
.
Gosforth Park will be secure to support its
tenants with high-spec infrastructure as well
as a comprehensive framework of services
and other quality features.
Unsurprisingly, Atterbury has received
interest for space at the prime Gosforth Park
business address, even before it officially
launched the development.
Growthpoint also added energy-efficient
lighting to the factory area, which received
new bathrooms too.
Ensuring a comfortable working expe-
rience, staff and canteen facilities were
revamped and a shaded car park, with space
for around 175 staff cars, was added.
Growthpoint is also providing 30 cranes,
two weighbridges and a security camera
system on the premises, all of which will be
incorporated into the rental to ensure CSI
has all the necessary equipment on site,
supporting cost efficiencies.
As a highlight of the facility, the
newly developed 2 500 m² office block, is
constructed incorporating the use of CSI’s
own steel roofing products into the new,
modern design – creating a functional show-
case of its own products and capabilities.
CSI began operating from its new prem-
ises in January. Binedell says: “This transac-
tion and upgrade reflects Growthpoint’s drive
to optimise our industrial property portfolio
and create better buildings for businesses to
thrive and secure their industry footprint.”
He adds: “Especially pleasing is that we
will have more than a tenant in CSI, they will
also be an integral service provider to the
broader Growthpoint community.” Growth-
point’s industrial team gives a priority to
using the services and products of its tenants
for the projects they undertake.
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“All this was achieved within
an exacting timetable. We
are exceptionally pleased
with the results.”