Phumelela Park, one of four Old Mutual industrial parks in the greater Cape Town area, is being expanded for the second time within a year.

Old Mutual says a R26m warehouse and distribution facility for Time Freight, a division of the Laser Logistics Group, is being built on a 16135m² site within the park. The Time Freight development, on an initial 10-year lease, follows an R83m expansion, consisting of six units, starting from 3800m², on 5ha of the park.

Phumelela Park is close to the Century City mixed-use development and the N1 and N7 freeways.

The developments at the park have boosted the total lettable area under roof in Old Mutual’s Western Cape industrial portfolio to more than 150000m².