Growthpoint Properties has completed the R44 million first phase of its new development at Mill Road Industrial Park in Cape Town.
The development is situated in the industrial area of Bellville Industria and it includes a 5000 square meter facility for Laser Logistics. It is a 40 000 square meter storage, warehousing and distribution park development consisting of premium-grade warehouse and office space.
The new Laser Logistics premises has been built on a raised platform, including numerous roller shutters on opposite sides of the structure to optimise its cross-docking capacity.
A double security perimeter ensures the safety of the facility. Laser Logistics’ entrance features its own gatehouse admission in addition to the Mill Road Industrial Park access control. The park also has full perimeter security fencing, onsite management and 24/7 security guarding.
Riaan Munnik, Growthpoint Properties Western Cape Regional Development Manager comments:
“We have truly enjoyed working with Laser Logistics to develop the best premises in order to support their business goals, it has been an excellent experience. Growthpoint enjoys a long-standing relationship with the group and we are pleased to continue it at Mill Road Industrial Park.”
“Growthpoint has done what every good landlord company ought to do – get to know our business. Our business is primarily about the people but the facilities within which we run our business are equally important. We take long-term positions on our properties so we have to ensure that they are not just relevant for us today, but also in several years’ time. Our latest move to Bellville South positions us in a property that will look after us a number of years. We have moved from a smaller, less-sophisticated property to one that is bigger, more sophisticated and probably better located too” says Phil Hayes, Chairman of Laser Logistics.
With the future in mind, Laser Logistics’ site includes expansion potential, and there are also future expansion opportunities within the park.
Phase 1 of Mill Road Industrial Park is currently under construction and scheduled for completion in October 2018. It is already 50% let with some 9,000 square meters still available. Phase 2 will follow in due course with 14 000 square meters of quality sub-divisible space.
Buildings at the park have stacking heights of 12 metres, ample yard space, and modern offices in the secure park. In addition, the park is energy and water efficient, resulting in lower occupation costs.