Increasing its exposure to industrial property in the Western Cape, Growthpoint Properties has acquired one of the largest and last remaining unutilised properties in Bellville, Cape Town.

Global tenants and owner occupiers will get a chance to rate SA's commercial and industrial property sectors against 46 world cities with the release of international brokerage firm CBRE's latest research, which includes Johannesburg property markets.

Big box warehousing typical of a number of new industrial builds either in the pipeline or currently underway, are proving to be a popular choice for companies looking for efficient storage options. 

Aucor Property has announced that its next multiple auction will be held on the 12^th of November at 12h00 at the Park Hyatt Hotel in Rosebank, featuring an array of 40 lots.

Joburg West suburbs Robertville and Stormill are experiencing low vacancy rates with only a handful of mini factories available to rent.

Over the past 6 months some positive signs, albeit small, have finally been seen in the industrial property market in the Greater Cape Town area 

Over the last three months Investec Property Fund (“IPF”) has secured new leases for premises within its industrial portfolio, totalling approximately 60,000m².  

Southern Africa’s largest refrigeration and air-conditioning wholesaler, Metraclark, is expanding its existing relationship with Growthpoint Properties by substantially increasing its leased premises to 24 400sqm.

It appears that industrial property developers are looking at developing smaller properties –certainly in the greater Irene area –and this became evident at the pre-launch of the latest industrial development in Irene, The Rietvlei Corporate and Industrial Estate.

Growthpoint Properties Australia (ASX:GOZ) announced that it has agreed to acquire a portfolio of three prime industrial property developments in Melbourne, Victoria, for a total consideration of AU$60.2 million (approximately ZAR542 million).