SOMERSET WEST
Urban Growth Park,
Somerset West, Cape Town
Acquired in 2021, these stunning properties are a perfect example of Urban Growth’s strategy.
A massive solar project has been initiated to offer alternative power sources.
Urban Growth Park Somerset West comprises two large properties occupied by one tenant situated on the N2 highway offering great visability.
Property Summary
TOTAL SIZE (SQM): 7 800 and 14 200 ON A TOTAL PLOT SIZE OF 9 HECTARES
TOTAL TENANTS: 1
ANCHOR TENANTS: ALPLA
LEASE TERM REMAINING: 6 YEARS
OTHER: 1 MW SOLAR PLANT WITH
2 X 350 KVA GENERATORS
VALUATION (1 JULY 2023): R150 000 000
Property Details
The property comprises two A-grade industrial buildings utilised for manufacturing and warehouse purposes. The properties are situated in Somerset West Business Park, enjoys N2 access and has been purpose-built for the tenant, ALPLA, a plastic packaging manufacturer.
This larger L-shaped building includes a double-storey office and a double-volume warehouse componet. The office section consists of a reception, various open-plan and private offices, boardroom, meeting rooms, kitchen, sufficient WC facilities,
walk-in safe server room and laboratories.
Site Location
Tenant
ALPLA is an Austrian international plastics manufacturer. They are a world leader in developing and producing innovative plastic packaging solutions, such as bottles, bottle caps and injection molded parts for a variety of indsutries.