Woodmead: Secure Commercial Space

As part of the development of the greater Woodmead node, known as Waterfall City, a local property development services company is launching a prime commercial business park in the area.

Stretching from Midrand to the Buccleuch Interchange in Woodmead, Waterfall City will cover approximately 2 200ha of land. Plans for the total development of Waterfall City include a residential golf estate, a retirement village, retail shopping, an equestrian estate, office and commercial parks, a clinic and a school, all of which will be developed on a large-scale leasehold basis.

Corporates including Nashua, General Motors, Motorola, Ad Outpost, Sanlam Properties Group Five and Pick and Pay have already secured space within the Waterfall City precinct for development of commercial premises.

The development of the Woodmead Business Park within the greater Waterfall City project has been awarded to Group Five Properties and offers one of the last few remaining opportunities to secure commercial premises in one of South Africa's largest, prime land developments, which will ultimately link together Sunninghill, Woodmead and Midrand.

The Woodmead Business Park will be situated adjacent to the Buccleuch Interchange, and will offer easy access to the N1, M1 and N3 highways, major arterial routes such as the R101 Old Pretoria Road and Woodmead drive, as well as both Grand Central and Johannesburg International airports.

In addition to good access points, the development also offers excellent highway frontage. "The value of corporate branding through highway exposure of this nature cannot be underestimated", says David Green, MD of Pace Property Group. "This is one of the busiest highway intersections in South Africa. Corporate branding of this nature could cost companies upwards of R2 million a year."

The Woodmead Business Park will provide warehousing, distribution and wholesale space in excess of 100 000 sq m of newly developed commercial property, once complete.

The ideal location of the Woodmead Business Park offers tenants not only highway frontage and easy access to distribution routes in all directions, but also accessibility and close proximity to residential areas. This, combined with high levels of security, integrated office and warehousing space and attractive design means that the Woodmead Business Park will accommodate new lifestyle trends and the demand for a balance between work and leisure.

Group Five Properties will provide a full turnkey solution to incorporate each tenant's specific needs. The Park will be fully fenced and will incorporate full height electric fencing with access to the Park provided through one central point only. A CCTV radio linked monitoring and access control system will further enhance the security of the development

A shortage in highly accessible commercial land in the Johannesburg area, combined with expected escalation in rentals means that Group Five's commitment to the structuring of finance packages to suit the prospective tenants rental repayment profile offers one of the few remaining opportunities to secure exclusive premises with naming rights and within close proximity to the Sandton CBD.

"Woodmead Business Park has already attracted a great deal of interest prior to its official launch" says Ziyad Adroos, confirming the need for integrated large warehousing, distribution and commercial space in Gauteng.

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