Truworths’ new world-class Western Cape distribution centre will be built in King Air Industria Cape Town, an Atterbury Property and Old Mutual Properties development. The landmark development project is a joint venture between King Air Industria and Truworths Limited.
Developed by Atterbury and tailor-made for leading clothing retailer Truworths who will lease the facility, the new building will efficiently consolidate Truworths’ various Cape Town facilities under one roof. This transaction was initiated by Tony Bales of Epping Property in 2019. The development’s 53,000m2 initial phase consists of a 3,000m2 office and 50,000m2 warehouse and includes the option to expand to 70,000m2.
Designed to target an internationally recognised EDGE sustainability certification, the new development for Truworths is due to break ground in October 2022 and the building is due for completion in September 2023.
Emanuel Cristaudo, Chief Financial Officer of Truworths, comments, “As a result of business growth we have spent some time looking to build a larger, state of the art, distribution centre to accommodate our future requirements. The proximity of King Air Industry and the business park benefits have led us to conclude an agreement with Atterbury who we also feel have a good understanding of our warehousing business needs. This positions us well for the future and we are looking forward to the completion of this project.”
Arno du Plessis, Atterbury’s development manager for King Air Industria Cape Town, says, “Truworths is an excellent addition to King Air Industria Cape Town, and we are excited to be working with this leading national and international retailer. The development roll-out of King Air Industria is making excellent progress and attracting a high calibre of businesses that want to be near the airport, but also seek quality, efficient premises that support both their business and sustainability goals.”
Located in a prime position, King Air Industria’s easy access to Cape Town International Airport cargo terminals is a significant advantage. It is between Airport Approach, Borcherds Quarry, Robert Sobukwe and Pallotti roads and connected to the city and inland region with excellent access to the N2 highway and the R300 freeway.
The 72ha King Air Industria Cape Town offers all the on-site infrastructure and around-the-clock security features for high-performance businesses. It is already home to The Courier Guy operating in a 10,112m2 turnkey facility, and Morgan Cargo in a 7,500m2 provincial head office building that also includes a specialised cold storage facility.
“We are enjoying great leasing momentum in the Western Cape leasing, not only at King Air Industria but also at other properties, including Richmond Park where the demand-driven development roll-out is proceeding at an exciting pace,” says Mia Kitshoff, Atterbury Leasing Manager for the Western Cape.
Atterbury recently signed a deal with Takealot for a 20,400sqm second phase of its Richmond Park distribution facility, which will take the facility’s total size to 44,000sqm when it is completed in June 2023. It also signed hardware retailer Brights for 6,000sqm, which will be completed in November 2023.
Atterbury has a 28-year track record of excellent property development, investment and asset management solutions in South Africa and internationally.
/ends
Released by:
Atterbury Property
Luané De Vries, Atterbury Group Marketing manager
Tel: 083 300 3793
Website: www.atterbury.co.za
Facebook: AtterburyProperty
Twitter: @AtterburyProp
For more information, or to book an interview, please contact Mahlatse Bojanyane on 084 913 6707 or email Mahlatse@marketingconcepts.co.za.
