Advertise with

Demand for Big Box warehousing grows in Gauteng

Nov 20th 2013, 09:21

Demand for Big Box warehousing grows in Gauteng

Big Box warehousing will continue to offer lucrative opportunities to industrial property investors for the year ahead, according to leading property group Galetti Knight Frank. Given the current projected growth in this market in South Africa, most of the deals concluded are likely to come from consolidation, as the trend appears to be moving towards more efficient warehousing, the group says.

Gauteng has seen huge uptake of speculatively built distribution centres (DCs) over the last 12 to 18 months, with Improvon, Intaprop and Capital Property Fund staking the biggest claims. Already, their strategies appear to have paid dividends.

Spec builds by Capital Property Fund in Raceway Park in Germiston include 11,000sqm DC that secured tenancy upon completion from the South African Police Services (SAPS); a 23,000sqm space already let to Montesanto upon completion; and another 40,000sqm DC for which construction has just begun. John Jack, Galetti Knight Frank’s Gauteng Director is confident of securing a tenant before the keys are in the door.

Jack says, “Efficiency is paramount to this segment of the industry and new builds such as those currently going up at Raceway are designed specifically to offer maximum storage options. That’s why we’re finding old style warehousing, typically with low roofs and difficult layout, will experience some vacancy over new builds. He adds, “Especially with the cost of refurbishment now nearing that of a brand new building.”

Improvon’s development in Gosforth Park, adjacent to Raceway, has just been leased to a division of Shoprite. The 21,000sqm speculative build is set for completion this month still.

Meanwhile Meadowview Business Park, next door to Longmeadow and developed by Intaprop, another prime commercial space that is zoned for industrial warehousing, is seeing leading companies sign-up.

Other new builds at the park include a completed 35,000sqm DC for UTI, and still under construction is a 5,000sqm build for Esco Corporation, a 10,000sqm build for Premier Foods and a 20,000sqm build for Gold Leaf. Galetti Knight Frank’s Justin Thom, who concluded the deal with Triton maintains the park offers unbelievable value for those companies looking for prime location in Gauteng.

Please feel free to make comments or raise new issues by emailing us here

November 2013
In Store Marketing, MegaVision Media

MegaVision Media is equipped to offer clients once-off signage, from Indoor Boards and Outdoor Boards at store level to perspex frames, wallpaper, vinyl application for indoor office spaces and vehicle branding. Find out more and request a quote here.
What’s on your mind?
We want to hear from you and what you think about the retail industry in South Africa. You can email your comments and feedback to our editor, here.
Latest Reports
Retailer | View all Retailer News
Mr Price earnings jump 22%
Mr Price has posted interim earnings growth of 22% and said it plans to open over 40 stores in the second half of the year.
· Clicks climbs after annual results
· Edcon and Kobo Bring award winning e-readers To CNA Stores
· Strong cash sales and accelerated Africa expansion for TFG
· Truworths slides most in four years
· Woolworths deal ends franchises outside SA
SA retail sales growth at 0.2%
Retail sales grew at a sluggish 0.2% in September compared with the same month last year, after expanding by a revised 3.2% in August, Statistics South Africa has said.
· Blacklisted consumers set for big relief
· Card payments overtake cash: FNB
· Manufacturing confidence low
· MTN Mobile Money tags on Visa
· SA wool market steady
International | View all International News Marketing and Business | View all Supplier News
Walmart warns of flat festive sales
Walmart has reported a 2.8% year-on-year rise in third-quarter net profit, but warned that sales during the crucial holiday shopping season are expected to be "relatively flat."
· Dollar General tests fuel stations
· First 100% LED-lit Walmart opens, United States
· Macy’s Herald Square’s unveils revamped beauty department
· Target in big multichannel holiday push; rolling out...
· UK: Sluggish start, late surge, solid rather than bonanza...
Richemont decides to keep all brands
Financiere Richemont SA, the maker of Cartier jewellery and IWC watches, said a “subdued” environment increases the need for caution and countered speculation it will sell any of its 20 brands.
· Cash Connect bolstered by acquisition
· Consumption forecast growth drives mall mania...
· Grove Mall construction on track, Windhoek, opening...
· Waterfall Business Estate is positioned to be one of SA’s...
· Woolworths Kenya signs 'pay as you wear' sales deal
Nicolene Di Bartolo Management Appointments
Nicolene Di Bartolo Executive Search
Strategy Recruitment Marketing
Ackermans appoints Rob Scholtz as Supply Chain Director
Ackermans is pleased to announce the appointment of Rob Scholtz as Supply Chain Director. Scholtz has extensive experience in various aspects of supply chain management in both local and international markets, garnered through senior positions and more recently at Steinhoff International.
Avios Credit Card activates loyalty via a Z-CARD®
According to Gerald Harvey, Chief Creative Officer of Mortimer Harvey, the Z-CARD® serves as a quick reference guide for potential Avios Credit Card holders to access information about the credit card and to direct them online, via a QR Code and website address, where they can apply for an Avios Credit Card.
Point of sale branding in the 21st century
Martin Rosen, Managing Director of MegaVision Media discusses point of sale branding, its benefits and how it has evolved over time to meet the demanding needs of the modern consumer.
Resolve partners with Sourcedogg to deliver an effortless and effective procurement solution
Resolve, an Imperial Logistics group company, is pleased to announce its partnership with SourceDogg, an e-procurement solution company based in Ireland. This partnership will significantly increase the value that Resolve can add to clients’ procurement capabilities.
Top of the POPs, POPAI Awards 2013, sponsored by ZaPOP
In a glamorous event held at the Michelangelo Hotel in Sandton on 24 October, eight Point of Purchase (POP) manufacturing companies walked away with gold in the 2013 POPAI SA Awards.
Innovators Accsys in the running for National Business Award
Teryl Schroenn, CEO of Accsys, is looking forward to the outcome of the competition and believes it is an achievement to be identified as a candidate for the Award.“Especially in terms of innovation through technology, which is acknowledged to be one of the main ways businesses differentiate themselves,” she says.
Midas donation to Car Seats For Kids campaign
Automotive parts and lifestyle travel equipment store, Midas has donated 200 Booster car seats to Imperial I-Pledge Car Seats For Kids, a road safety campaign, highlighting the critical need to reduce an escalating mortality rate in road accident deaths in South Africa, particularly when it comes to children.
Two inspirational figures celebrated with Lifetime Achievement Awards
At the inaugural World Retail Congress Africa 2013 earlier this month, Raymond Ackerman, former Chairman, Pick n Pay Holdings and Richard Maponya, Founder and Chairman, Maponya Holdings have been awarded Lifetime Achievement Awards for their contribution to the African retail landscape.
Retailers take up the Movember network challenge
Join the official Movember Retailers Challenge and compete with other Mo’s across the retail sector to see which retailer takes the title and holds bragging rights until next year.
Euro Shop 2014
16 – 20 February 2014
Dusseldorf, Germany
Fastmoving provides news, insight and analysis into the retail and FMCG industries in South Africa and has been doing so for the last 12 years. We provide marketing services to businesses operating in the retail and FMCG sector by creating dedicated company pages, publishing news releases and offering exposure in our regular weekly and monthly newsletters.

To find out more about our services, contact
Editorial contact

Tina Baney
National Sales/ Account Manager
012 651 3332
083 251 6874
Vivienne Ayerst
Customer Service Manager/ Client Liaison
021 423 8213
082 921 5468
For editorial:
Wendy Smith

Tel: 021 465 6910