PAARL
Over a period of four years, Urban Growth has enhanced the value of Urban Growth Park through various improvements. Urban Growth is very responsive to its tenants needs.
The team had the vision and foresight to identify the hidden gems such as Urban Growth Park and turn them into properties to be proud of.
Urban Growth Park is a high security industrial park within the busy industrial and retail node of Paarl – with close proximity to the CBD, major retail centres, the N1 and the rapidly growing residential nodes to the south and gateway to the wine heartland.
“Opportunities don’t happen, you create them.”
CHRIS GOSSER
Lease Arreas
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Property Summary
TOTAL SIZE (SQM): 27 380
TOTAL TENANTS: 18
ANCHOR TENANTS:
LEBONE PAARL LABELS
DRAKENSTEIN MUNICIPALITY
FARBERS
ULTRA LIQUORS
LEASE TERM REMAINING: 5 YEARS
VALUATION (1JULY 2023): R220 000 000
Property Details
The property comprises one sizeable industrial zoned property park and two residential plots north of the industrial site which are being rezoned for 1000m2 retail. This will be developed in 2024.
The various building components are in good, well-maintained condition, with various sections having been upgraded by either the owner or tenants.
Most recently, 650 KW Solar plant has been installed to supply continous power to the tenants.
Site Location
Tenants
Lebone Paarl Labels produces pressure sensitive labels through modern UV flexo and digital self- adhesive printing for wine, spirits, beverages, food, pharmaceutical, healthcare, beauty, craft gin, craft beer, household and petrochemical products.
Drakenstein Municipality is a local municipality located within the Cape Winelands District Municipality in the Western Cape province of South Africa.