Commercial activity in and around airports typically include aircraft maintenance, hotels, restaurants, car rental facilities, airport-related freight services and increasingly office developments.
South Africa’s only rapid rail system, the Gautrain, is proving popular with passenger demand increasing by 60% since a year ago.
Though the Gautrain has been operational, the rapid rail project has already been the catalyst for property development worth R2bn which will change the face of Johannesburg’s northern suburbs.
Rentals are projected to remain flat in the next 12 months as the overall demand in the Johannesburg area is relatively weak with minimal rental growth expected in the prime office buildings. Despite this, it is anticipated that this node will continue to perform well due to its prime corporate address and good quality office buildings.
The state-run Passenger Rail Agency of SA plans to invest R500m to deck over the Braamfontein rail-stock yard for mixed-use property developments that will link the Johannesburg inner city with the historical suburb of Fordsburg
Warren Buffett said that if a business does well, the stock eventually follows. For JSE-listed companies Octodec Investments Limited and Premium Properties the stock is still looking good and that’s despite the news that founder Alec Wapnick stepped down last week
The Gauteng Provincial Government has awarded a R1-billion tender to the Absa Group to fund the Gautrain Rail Link Project
There are issues about how commuters will be able to communicate effectively via 3G as the Gautrain awaits the final go-ahead to begin operating the rapid rail link.
In SA, private investment in infrastructure has delivered several highquality assets, like the N3 toll road and the Gautrain.
A nation’s physical infrastructure is one of the best indicators of its likely prosperity, infrastructure is a requirement for economic growth and prosperity.
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