Premium industrial assets hit the market in Cape Town

The adjacent facilities, previously occupied by British American Tobacco and DSV Global Transport and Logistics, offer a rare opportunity for investors to secure large, modern industrial space in one of Cape Town's prime logistics locations. The properties, roughly spanning 12,561sqm and 14,949sqm, total 27,510sqm. They can be acquired separately or together and will be sold through a closed bid tender process for which offers need to be submitted by the 24th of October 2024.

The decision by the multinational US-based seller to exit the Cape Town market due to global operational changes has created an unparalleled investment opportunity. The facilities, originally purpose-built for British American Tobacco and Pearson Books (later occupied by DSV), offer a rare blend of quality, location, and flexibility.

Sean Berowsky, MD of Cushman & Wakefield | BROLL Capital Markets, says, “With Cape Town's industrial property sector demonstrating remarkable performance and growth, these assets are poised to attract strong interest from both investors and owner-occupiers.”

Cape Town has established itself as a key logistics hub, driven by its well-maintained infrastructure and strategic position. This trend underscores the strong demand for industrial space in the city, fuelled by the growth of e-commerce and the increasing importance of efficient supply chains.

Shane Howe, Head of Industrial Broking, Western Cape, for Cushman & Wakefield | BROLL, adds, “Industrial property in Cape Town continues to defy the odds, demonstrating remarkable resilience and adaptability, with low vacancies and good demand driving rental growth. The sale of these two Brackengate Business Park facilities is a landmark event for the market, and these premium assets are set to be highly sought after.”

Brackengate Business Park is one of the most strategically positioned light industrial parks in Cape Town. Situated adjacent to the R300 with quick linkages to both the N1, and N2 highways, the park offers unparalleled access to road, air, sea, and rail networks. This prime location, coupled with the park's exceptional security and modern facilities, makes it an ideal base for logistics, distribution, and light manufacturing operations.

The facilities themselves boast modern specifications, having been constructed about 12 years ago, with adequate clear heights, fire suppressant systems, multiple receiving and dispatch options and ample yard space. The buildings offer a flexible layout, capable of accommodating a variety of uses, from warehousing and distribution to light manufacturing and offices.

Investors seeking to capitalise on this exclusive opportunity in the Cape Town industrial market should contact Shane Howe on 072 261 1863/ showe@broll.com and Sean Berowsky on 082

810 8950 sberowsky@broll.com.

As a leader in property, Cushman & Wakefield | BROLL designs, delivers and manages real estate solutions to achieve business goals. We create value across all sectors with expertise, experience and cutting-edge technology. Our proven results in seven African regional hubs are driven by highly specialised real estate intelligence, a network of skilled professionals, and insight gained from years of delivering success to many of the largest corporates in Africa. The exclusive African affiliation of Cushman & Wakefield and Broll Property Group combines resources from a global real estate services leader with a market-leading track record of African operations. Our corporate real estate services and end-to-end solutions prepare our clients for what’s next. Visit cwbroll.com for more information. Connect with us on Facebook, LinkedIn and YouTube.

Bronwen Noble

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