Thus far 28 of the 39 stands available have been sold and construction on four units of the stands- totaling more than R75 million - is now underway.  Phase 2 was proclaimed earlier this month and as soon as these new owners took transfer of their stands, the earth moving equipment moved in and construction commenced.

This was confirmed by Org Geldenhuys, a trustee from the Route 21 Property Association, who said construction work on the four stands had begun in early October.

"On completion Route 21 will be a R2 billion development. We are talking about 190 000 square metres of "A" grade office space and Prime warehousing space.

"Sales and building work is ahead of schedule and we believe phase two will be finished far quicker than phase one, as a big portion of the stands were bought by developers and phase 1 owners - and not by speculators who have no intention to develop the stands. There is also a great deal of consensus that the property market has bottomed out, with investors now looking for ways to get into the property market before it moves upwards. The bulk of the purchases in phase two," said Geldenhuys,

"are by investors and owner occupiers looking to grow their portfolios and who are after long term returns rather than speculators looking for a quick buck. There is a growing belief that money can be made, again, in the property market - certainly in the commercial property market."

Some of the leading tenants resident at the office corporate park include the likes of Digicore, Annique, Echo 4x4, Dimension Data, Capitec Bank and Land Rover SA.