“Gauteng is currently one of the world’s fastest
growing metropolitan areas and well-located land
“Town planning for the project is complete and
everything is ready. We plan to start putting in
Krisp Property executive director Jordan Mann
described Olifantsfontein as up and coming for
light industry, as the area was well-situated between
Midrand, the airport and Pretoria.
Each stand could have a 70% construction coverage,
with up to two storeys, Mann added.
within the priority development corridors and nodes
between Jo’burg and Pretoria will see sustainable
growth.”
“We are developing 8ha of land at the centre of
industrial area, which makes it very well positioned
for light industry,” Mann said. “The entire estate will
also be equipped with state-of-the-art security.”
Eleven stands, ranging from 3 000m² to 11 000m²,
would be developed. Work would start in early 2014,
he said.
services early next year,” Mann said. “Six portions
of the 11 erven will have major exposure to the high
traffic flow along Olifantsfontein Road.”
Krisp Properties is also busy with another major
development, the R500 million Clearwater Office
Park along Atlas Road, which is being built to
complement the OR Tambo Aerotropolis.
The company already boasts successes which include
Randburg Office Park, Ebony Park Shopping Centre
in Midrand and Sandton Office Park.
RESOURCES
Krisp Properties
Marna van der Walt
Ceo, Excellerate Property Services
Q&A
1.What pushed you to become the top of
your game?
Courage to dream
Passion for people
Obsession for quality
The courage to challenge the status quo
2. Where do you see commercial investment
getting the best returns?
That depends on your risk profile. Foreign
investors receive great value for their money
and much higher return than they will in their
local markets - which have stagnated.
www.reimag.co.za
3. What do you think the new trends in commercial
property investment will be?
3.1 Residential investment – the formulation of residential
funds that will list on the JSE. These funds will consist of
various residential types of properties, for example student
accommodation.
3.2 Expansion into Africa – as the various property markets in
Africa expand and increase their service offering so will the
need for additional s ervices. These services are new to the
markets and create a new set of challenges and potential
income stream.
4. Which country in Africa will become a investment
destination and why?
4.1 Ghana – which has minerals, like oil and gold – and it is
easy to do business. The property market in Ghana is more
mature than most and the concept of a more formal property
market is setting in. As the market matures and expands the
additional services will also follow suit. It also offers value for
money and good returns on investments. There is a shortage
of suitable space and the market has seen a upgrade in
infrastructure.
4.2 Nigeria – has huge potential – the fastest growing middle
class in Africa, there is a shortage of suitable space. Economic
growth is still driven by the local oil-and-gas industry and
this will continue to drive the demand for infrastructure and
support services, including the need for retail and industrial
space.
Commercial Handbook 2013
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