Vast business park launched in Joburg
GROUP Five Property Development Services is launching the R800m first phase of Woodmead Business Park this month. The commercial property development forms part of the massive proposed Waterfall City development, which is the biggest planned development of a single piece of land in the past 50 years in Johannesburg. It will include residential, retail, industrial and commercial space.
The first phase of Woodmead Business Park will be the biggest commercial property development in Johannesburgs northern suburbs next year.
David Green, MD of Pace Property Group, which has the full mandate to deal with the leasing for the commercial park and has been actively involved in securing the land for Group Five and conceptualising the development, says the site where Woodmead Business Park will be developed was acquired on a leasehold basis.
The Waterfall City site is leasehold land held by the Mia family.
The site, which stretches from Midrand to the Buccleuch interchange in Woodmead, covers about 2200ha of land.
Plans for the total development of Waterfall City include a residential golf estate, a retirement village, retail shopping, an equestrian estate, office and commercial parks, a clinic and school, all of which will be developed on a large-scale leasehold basis.
Green says the first phase of Woodmead Business Park, which is three times the size of Harrowdene Office Park in Woodmead, will offer 60000m² of lettable space for commercial development, which permits upmarket office and warehouse property.
Development of the first phase is scheduled to begin in the first quarter of next year.
Green says the parks size is comparable to the Longmeadow industrial node, or Linbro Park in Johannesburg.
Green says the park will ultimately offer 100000m² of lettable space when it is fully developed.
He says the development comes on the back of considerable office demand, particularly from major space users who require easy access to Sandton and the surrounding office nodes.
Woodmead Business Park will be adjacent to the Buccleuch interchange and will offer easy access to the N1, M1 and N3 highways.
It is the closest remaining stretch of highway frontage to the Sandton CBD, says Green.
He says the interchange where the development will be located is the busiest interchange in Africa. There is strong demand for space, he says. In fact, we have numerous large users ranging from 5000m² to 20000m² individually.
He says large companies used to separate their office and warehouse space, and that the development provided them with the unique opportunity to combine both within reach of the major residential and commercial nodes of Johannesburg north.
Group Five says the development of Woodmead Business Park within the greater Waterfall City project offers one of the few remaining opportunities to secure commercial premises in one of SAs largest prime-land developments, which will ultimately link Sunninghill, Woodmead and Midrand.
Companies including Nashua, General Motors, Motorola, Ad Outpost, Sanlam Properties and Pick n Pay have already secured space within the Waterfall City precinct for development of commercial premises.
Group Five says the park will be fully fenced and incorporate full-height electric fencing with access to the park provided through one central point only.
Article By: Nick Wilson - www.businessday.co.za