Shortage of vacant industrial land for new developments in Pretoria

Posted On Thursday, 07 August 2014 09:51 Published by
Rate this item
(0 votes)

Vacant industrial land for new developments in Pretoria hard to come by.

Org Geldenhuys

Warehousing and logistics companies that require the development of modern warehousing facilities will find that there is a shortage of land in the Pretoria area, especially in the older, more sought after areas, such as Irene.

This is according to Org Geldenhuys, MD of property development and management company, Abacus DIVISIONS.

"We still have rental vacancies in the Pretoria area, but there is limited space for new developments and there appears to be a growing demand for new developments, especially -industrial developments."

He added that there are also issues with older buildings, which are typically not designed to allow large interlink trucks to drive around buildings nor are they geared for accepting containers with products.

Additionally, low roof heights do not cater for modern stacking and shelving requirements, and are not compliant with the latest fire regulations.

Areas that do have some vacancies for industrial development include the N4 Gateway, Sunderland Ridge and Olifantsfontein.

Irene Rietvlei Industrial was sold out earlier this year and was only "on the market" for three months due to high demand.

The demand is higher for gated industrial estates, with older, established, areas having a limited number of stands available.

But some older industrial areas, such as Hennopspark, are available for redevelopment opportunities.

Most Popular

Scores of subcontractors at risk as yet another principal contractor enters business rescue

Jun 10, 2019
 MOHAU MPHOMELA
News of yet another principal contractor entering business rescue with tens of millions…

Lifestyle brand to open in Cape Town’s vibrant Longkloof precinct

May 30, 2019
 CANOPY FINAL
Hilton today announced the signing of a management agreement with Growthpoint Properties,…

Solid Performance By Arrowhead's Core Property Portfolio in Line With Expectations

May 29, 2019
 MARK KAPLAN
Arrowhead Properties Limited, a proudly South African JSE-listed REIT with a diverse…

How to invest in property without costly and risky direct ownership

Jun 05, 2019
 MARC EDWARDS
When people want to invest in real estate they usually secure a loan to purchase a…

Investec Australia Property Fund successfully lists on the ASX

May 29, 2019
 GRAEME KATZ
Investec Australia Property Fund has listed on the Australian Securities Exchange (ASX)…

Please publish modules in offcanvas position.