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Africa|Business|Gas|Industrial|Infrastructure|Oil And Gas|Oil-and-gas|PROJECT|Solar|Storage|Water|Solutions|Infrastructure
Africa|Business|Gas|Industrial|Infrastructure|Oil And Gas|Oil-and-gas|PROJECT|Solar|Storage|Water|Solutions|Infrastructure
africa|business|gas|industrial|infrastructure|oil-and-gas|oilandgas|project|solar|storage|water|solutions|infrastructure

Airport Business Park, South Africa

Image of Spear REIT's GTX Park

Photo by Spear REIT

15th December 2023

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Airport Business Park.

Location
George, Western Cape, South Africa.

Project Owner/s
Spear REIT, Twin City and Hark Properties

Project Description
The 19.5 ha development will offer a full spectrum of industrial and commercial warehousing solutions geared towards agrilogistics, call centres, cold storage, oil and gas and other ancillary, light industrial enterprises, along with a filling station and associated retail.

Spear REIT’s GTX Park will encompass 30 000 m² of light industrial units spread across nine sites.

The park will also feature photovoltaic solar infrastructure and innovative water augmentation solutions, with the aim of becoming an entirely self-sufficient, ecofriendly development.

Potential Job Creation
The project is expected to create a significant number of job opportunities.

Capital Expenditure
Total investment is estimated at about R1.2-billion, of which R400-million will be invested in the GTX Park.

Planned Start/End Date
The project broke ground in November 2023.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Spear REIT, email info@spearprop.co.za.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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