Atterbury has broken ground on the new headquarters for sustainable technology company Solar MD at Richmond Park in Cape Town.
The facility will allow the company to streamline its operations and to meet the increasing demand for energy storage solutions through a ten-year triple net lease agreement.
Once completed, the building will total 12 500m2 and comprise of a sizeable 10 250m2 warehouse, 2 200m2 of office space, and a 250m2 showroom.
Construction will commence in November 2023 with a scheduled completion and occupation by mid-2024.
“We are incredibly proud to welcome Solar MD to Richmond Park. We are looking forward to continuing working with the Solar MD team to bring their vision for a bespoke facility where business and environmental responsibility are woven seamlessly together,” notes Gerrit van den Berg, Head of Developments: Western Cape at Atterbury Property, which is developing Richmond Park on behalf the property’s shareholders, including Old Mutual.
Solar MD’s headquarters will be located in the Southern Precinct of Richmond Park, adjacent to Rubicon, Takealot Pickup Point and in close proximity to WeBuyCars and Brights.
The development for Solar MD takes Richmond Park closer to completion. It is now 70% developed with 100 000m2 space available, which is ideal for distribution companies. Atterbury has also earmarked an infrastructure spend of approximately R20 million to unlock an additional 25 000m2 of bulk.