Irene business hub poised to grow

The area is set to become the next Centurion and Menlyn Park business hub, said Org Geldenhuys, a trustee for one of the biggest business office parks in the area, Route 21 Corporate Office park.

Route 21 Corporate Office Park is a R2 billion development and arguably the biggest business office park in the greater Irene area.

Said Geldenhuys:" Two large developers are in the process of asking the rights to develop 1.5 million square metres of bulk next to Route 21, along the R21 and surrounding areas."

"We are in the process of laying R10 million worth of fibre optic cables at the office park, in conjunction with Dark Fibre Africa, providers of open access fibre infrastructures. This means we are one the first business parks to launch an 'open access' fibre infrastructure into a gated business community. Dark Fibre will be installing the infrastructure that will allow all registered service providers the opportunity to provide businesses in the Route 21 Corporate Park a specialised range of high-end broad band services services. End users can now request a basket of high speed services from their preferred service provider. This means we are going to be one of the most 'technology intelligent' business complexes in this country.

"Besides that", said Geldenhuys, "the ROADS NEAR to the Johannesburg, or OR Tambo international airport, ARE almost complete. Plus adjoining roadworks. They also act to serve the Irene area.This was a massive investment by government and has additionally opened up access to the Irene area, and to Route 21 Corporate Park.

"A Reservoir is also being built by the Tswhane (Pretoria) Metropolitan council that will handle an estimated 15 million cubic LITRES of water to service the business area, and a suburban area that is going to mushroom due to these business growth levels.

"There might have been a global economic meltdown precipitated by the reckless lending primarily of USA banks- and of course badly indebted countries like Greece - but here in Irene we are seeing things explode. We believe the Route 21 Corporate Park is going to be a central point of this business explosion. We are facing exciting times here in the greater Irena area and it shows that Africa, including SA, escaped the massive worldwide credit crunch to a large degree. Economic growth in Africa as a whole, according to the World Bank is going to be around 5% this year. SA is poised for 3% growth.

"I think we are going to see a more positive mind- set coming through from investors, certainly with regards to emerging markets. There is far less growth in mature markets like in the USA and Europe. Investors, private or institutional, are currently nervous to commit to those markets. Africa seems to be attracting attention. There is growth here. Real growth."

Article from: www.eprop.co.za