Growthpoint Properties’ 40,000sqm Millroad Industrial Park in Cape Town has achieved its full letting capacity.
Developed by Growthpoint in three phases, the R320m Millroad Industrial Park is a storage, warehousing and distribution park consisting of premium-grade warehousing with associated offices in the established industrial area of Bellville South Industria.
The new Millroad Industrial Park is fully occupied with a mix of tenants from larger logistics to smaller users and a line-up including Laser Logistics, DSV, Greenspan, Inuka and Continental Power.
“We always expected Millroad Industrial Park, with its premium-grade facilities, to attract a full house of great tenants. While it took a little longer than expected to achieve total letting, this asset has further strengthened the logistics and warehousing representation in Growthpoint’s diverse industrial portfolio. Importantly, we are also confident that it meets our exacting standards for sustainable investment as it was delivered by Growthpoint’s own development team,” says Errol Taylor, Head of Asset Management: Industrial at Growthpoint.
Millroad Industrial Park is energy and water efficient, resulting in lower occupation costs. It is also solar-ready and has rainwater harvesting facilities. The plentiful power supply to the site proved to be a major drawcard. All units at the park offer generous stacking heights and are sprinkler protected.
Riaan Munnik, Growthpoint Properties Western Cape Regional Development Manager, says, “Our development approach is to create properties that are well-matched to the businesses that occupy them, and offer an overall enjoyable experience for tenants as well as operational and occupancy cost efficiencies. Agility has become more important for business than ever before, and we cater for this with flexible unit sizes, including the ability for additional integrated office space where needed. Above and beyond this, we are careful to choose the right locations that also provide the amenities best suited to each development and its users. Millroad Industrial Park is an excellent reflection of this ethos.”
Millroad Industrial Park is ideally located opposite the well-known Sacks Circle, with easy access to the N1, N2 and R300 highways and benefits from excellent highway visibility. The industrial park is within walking distance from public transport, with the Sarepta passenger rail station being a mere 300 metres away. Ensuring the safety of the units, the park has full perimeter security fencing, onsite security management and 24/7 security guarding.
Growthpoint makes space to thrive with innovative and sustainable property solutions. It is an international property company invested in real estate and communities across Africa, Australia, the UK and Eastern Europe. Growthpoint is 50% co-owner of the V&A Waterfront in Cape Town.
