Redfine Properties and partner, Abland Property Developers have officially announced the opening of the new public road which will improve accessibility to the 1.6 million square meter S&J Industrial Estate, situated along the N3 highway, south of Germiston.
The construction of Gosforth Road extension commenced during 2017 and it was completed on schedule. The R50 million road will be opened to the public towards the end of this month.
The S&J Industrial Estate spans 210 hectares and it will cater to a variety of industrial and commercial uses, offering excellent visibility and convenient access from and to the N3 and M2 freeways, making it ideal for logistics, manufacturing, warehousing and distribution and big box retail.
Tenants will benefit largely from the new road infrastructure, leveraging the site’s location. The new roads will alleviate traffic and complement the surrounding municipal network allowing for faster travel time.
Johann Nell, National Asset Manager, Industrial for Redefine Properties commented:
“Accessibility is a key pillar to the success of S&J; with this in mind our professional team engineered a development masterplan that addressed historical inefficiencies experienced in older nodes“.
“The opening of the roads marks a significant achievement, not only for S&J, but for the greater Germiston and surrounding areas. Roads are the life-lines for development and brings people and businesses together. The new roads make S&J very attractive for companies in the logistics and warehousing sectors.”
In addition to the investment in the road construction, R80 million has been allocated to the provision of bulk sewer, water mains and the necessary substation to facilitate development.
The construction of the first precinct guard house is complete with several parcels of land being readied for sale at the estate. Current negotiations include the outright sale of land, turnkey development sale, JV development deals and bespoke developments for leasing, all totalling in excess of 150 000 square meters.
“In a regional context, the development brings much needed job opportunities, during and post construction. It also revitalises the area as it takes formerly under-utilised land and creates development opportunities which stimulate growth in the area,” adds Nell.
Jupiter Extension 9 (also known as Ganymede Precinct) in extent of thirteen hectares is the first phase within the S&J precinct to be released. As part of this precinct’s establishment a land sale agreement for just over 53 000 square meters has been concluded, the property will transfer by the end of this year. Construction on the first two buildings in this precinct, with a combined gross lettable area of 46 500 square meters is planned to commence during the last quarter of this year.
“S&J will be one of the biggest industrial estates of its kind in Gauteng and South Africa. The new roads will ensure value appreciation in the area and allow businesses convenient access to major freeways,” says Jurgens Prinsloo, Managing Director, Abland Property Developers.
“The tremendous interest in S&J validates our vision for the project. We have created a unique opportunity in the market for businesses looking to operate from an efficiently designed, well planned and well managed, secure industrial park, within an established node.”