Aerial view of Growthpoint's Millroad Industrial park in Bellville, Cape Town
Growthpoint Properties’ 40 000 m2 Millroad Industrial Park, in Cape Town, has been fully let.
The new Millroad Industrial Park is fully occupied with a mix of tenants from larger logistics to smaller users and a line-up including Laser Logistics, DSV, Greenspan, Inuka and Continental Power.
Developed by Growthpoint in three phases, the R320-million Millroad Industrial Park is a storage, warehousing and distribution park comprising premium-grade warehousing with associated offices in the established industrial area of Bellville South Industria.
“We always expected Millroad Industrial Park, with its premium-grade facilities, to attract a full house of great tenants. While it took a little longer than expected to achieve total letting, this asset has further strengthened the logistics and warehousing representation in Growthpoint’s diverse industrial portfolio.
“Importantly, we are also confident that it meets our exacting standards for sustainable investment as it was delivered by Growthpoint’s own development team,” Growthpoint industrial asset management head Errol Taylor said.
Millroad Industrial Park is energy and water efficient, resulting in lower occupation costs, with the company adding, on November 15, that the park is also solar-ready and has rainwater harvesting facilities.
The plentiful power supply to the site proved to be a major drawcard. All units at the park offer generous stacking heights and are sprinkler protected.
Growthpoint Western Cape regional development manager Riaan Munnik said the development approach is to create properties that are well-matched to the businesses that occupy them and offer an overall enjoyable experience for tenants as well as operational and occupancy cost efficiencies.
“Agility has become more important for business than ever before, and we cater for this with flexible unit sizes, including the ability for additional integrated office space where needed. Above and beyond this, we are careful to choose the right locations that also provide the amenities best suited to each development and its users. Millroad Industrial Park is an excellent reflection of this ethos,” he said.
Millroad Industrial Park is located opposite the well-known Sacks Circle, with easy access to the N1, N2 and R300 highways and benefits from excellent highway visibility. The industrial park is within walking distance from public transport, with the Sarepta passenger rail station 300 m away.
Ensuring the safety of the units, the park has full perimeter security fencing, on-site security management and 24/7 security guarding.