Basil Read Developments concludes a sale at its Klipriver Business Park for R15m to Chinese Investor

Basil Read Developments has concluded another major sale at its Klipriver Business Park for R15m to Chinese Investor, New Hope South Africa (Pty) Limited.

The R390 million Klipriver Business Park is located on the farm Waterval and comprises a gross land size of 143ha and development land size of 118.9ha with 96 saleable erven which will be developed in four phases.

The new highly visible business node with state-of-the-art facilities will provide a superior high-tech working environment. Phase 1 of the development consisting of 52ha is proclaimed, fully serviced and includes Fibre optic communication systems as well as security.

The Klipriver Business Park covers the entire R59/R550 interchange and is accessible to all major road networks (N1 and N3) and rail network. It is considered to be the new major growth node of Gauteng.

There will be no compromise on the business park’s high quality security standards, which will encompass on-site security, an adjacent police station as well as full access control and perimeter security.

Oakwood Properties, consulting property managers to Basil Read, will be responsible for the management of Klipriver Business Park.

Competitively priced housing opportunities for employees will soon be available nearby at a large scale planned development called Savanna City of which Basil Read Developments and Old Mutual are 50/50 partners for the development.

Bordering on the business node are reputable corporate neighbours including Heineken, BSI Steel, Crystal Pack, Kwikspace, Nampac and Everite.

The Klipriver Business Park node will create a vibrant working node with excellent access to all the major southern suburb areas of Johannesburg including Meyerton, Vanderbylpark and Eye of Africa.

New Hope South Africa is a manufacturer of agricultural food. Their investment in Klipriver Business Park makes it their first branch in South Africa.

Basil Read Developments Managing Director, Des Hughes said, “We are pleased to be associated with New Hope South Africa and we are confident of the superior benefits New Hope South Africa will enjoy at the Klipriver Business Park.

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