Urban Growth Park,
Springfield, Cape Town
The property was acquired in 2022. The property offers excellent development opportunities.
SAB is currently the tenant and they use the facility as a logistics hub for its transport partner, FADEL.
TOTAL SIZE (SQM): 23 054
TOTAL TENANTS: 1
ANCHOR TENANTS: SOUTH AFRICAN BREWERIES
LEASE TERM REMAINING: 5 YEARS
OTHER: 30 KVA GENERATOR
VALUATION (1 JULY 2023): R66 000 000
The property is an A-grade industrial warehouse space with offices and an ablution block for truck drivers. There is also a large yard for trucks to park and turn around within the premises.
The property also houses its own fueling station, which is a necessity for the tenant allowing its trucks to refuel in its yard. They are also able to service trucks on-site, making it easier and more efficient to get trucks back on the road.
South African Breweries is a major brewery headquartered in Johannesburg, South Africa. It is of Anheuser-Busch InBev.
The company owns over 200 beer brands, including Budweiser and Bud Light, Corona, and Stella Artois, to name a few.
The facity is currently used by SAB’s transport partner, FADEL.