Commercial Guidebook | Real Estate Investor Magazine Commercial Handbook 2013 | Page 26

STRATEGIES BY ANGIE REDMOND Industrial Space In JHB Where is the demand? J ohannesburg’s Krisp Properties is the latest high-end developer to invest in the increasingly sought after light industrial space between Johannesburg and Pretoria. A growing clamour for modern light industrial space in Gauteng has seen a host of established companies flocking to a new light industrial hub in Olifantsfontein, located between Johannesburg and Pretoria and 20 minutes from OR Tambo International Airport. The area is fast becoming a preferred hub for businesses looking for modern and secure light industrial space, along the fast growing R21 corridor with direct access to the Northern Gauteng, Central Gauteng and Ekurhuleni, close to the N1. According to Jon Busser, a director at Urban Dynamics town planners, the Olifantsfontein-Clayville industrial area was in a prime position thanks to Government’s initiatives to develop the R21 Development Corridor and its links to the OR Tambo Aerotropolis nearby. Recently established companies include Murray & Roberts, Stocks and Stocks, MAN Truck, Corobrik, SA Breweries, Clover, Imperial Distribution, Adcock Ingram, Spar DC, Tiger Brands, Nampack and Nestle. “There is a growing need for modern and secure light industrial parks linked to the Aerotropolis and IDZ development around the OR Tambo International Airport,” said Busser. Due to the high demand for industrial space, Krisp Properties is the latest developer to offer modern and safe light industrial space in the area. The company is in the advanced stages of developing the Olifantsfontein Industrial Park along Olifantsfontein Road. The growing demand for light industrial space was also good news for job creation, he said. The park is set to raise the bar in terms of light industrial space equipped with state-of-the-art security and modern technology. 24 Commercial Handbook 2013 “There’s lot of new development in the area. The R21 Development Corridor and developments around the established Olifantsfontein-Clayville industrial area should see tremendous growth and sustainable job creation as new light industry and business parks are created in response to market demands. www.reimag.co.za