Accessibility and proximity to Lanseria International Airport are two key advantages cited by new tenants of Investec Property’s newest industrial and warehousing development, Cosmo Business Park.
The 40 ha Cosmo Business Park, centrally located on Malibongwe drive, just 2 km north of the established Kya Sands commercial and industrial node, offers access to Johannesburg, especially the city’s northern suburbs, and also Pretoria and the West Rand.
“We opted to be in Cosmo Business Park because of favourable rentals and the finan- cial viability the move represented for our company,” says science and medical equip- ment and consumables provider Scientific Group CEO Shawn Landman. The company moved into its new 5 700 m2 facility at the business park last month.
He adds the additional space and configuration to specifications will allow the company to execute three times as many orders a day than it could at its previous premises – which translates into improved service delivery, faster turnaround times and enhanced customer satisfaction.
Guaranteed electricity supply and competi- tive land prices were drawcards for courier services company The Courier Guy, which moved into the development in March.
“Apart from the infrastructure and competitive pricing, we liked the professional look of the park, which is attracting high- calibre businesses,” says The Courier Guy financial manager Douglas Corbett.
Aluminum gutters manufacturer Longspan Gutters opted to buy land in this growing business estate to design and build its own new premises. “Cosmo Business Park provides a high-quality, safe and pleasant working environment, as well as a secure destination for our customers,” explains Longspan Gutters CEO Gus Behn. He points out that both existing and prospective customers have made repeated requests for the company to move into the region and the park reflects its corporate profile for both business and property investments.
Behn adds the company looks forward to a healthy return on investment once its new building is complete.
“The variety of benefits that Cosmo Business Park offers companies is driving sustained demand for land and premises by those needing light manufacturing, warehouse and distribution space,” says Investec Property’s Mike Brown.
Of the total 72 stands available, 13 have already been sold and a further ten are at an advanced negotiation stage, attracting an equal mix of light manufacturing, warehousing and distribution businesses, Brown reports. Cosmo Business Park is able to accommodate demand for fully serviced land from 1 600 m2 to as large as 8 ha. “Building costs are competitive right now, making it a good time to buy land and develop”.