The construction of Gosforth Road extension which commenced in 2017 was completed on schedule. The R50m road will be opened to the public at the end of September.
The greater S&J Industrial Estate spans 210ha and will cater for a variety of industrial and commercial uses. S&J offers visibility and convenient access from and to the N3 and M2 freeways, making it ideal for logistics, manufacturing, warehousing and distribution and well as big-box retail.
Tenants will be able to leverage the site’s location and with the extension of Gosforth Road and construction of the new Europa street, benefit largely from the new road infrastructure. The new roads will alleviate traffic and complement the surrounding municipal network thus allowing for faster travel time.
“Accessibility is a key pillar to the success of S&J; with this, in mind, our professional team engineered a development master plan that addressed historical inefficiencies experienced in older nodes,” says Johann Nell, national asset manager, Industrial for Redefine Properties.
“The opening of the roads marks a significant achievement, not only for S&J, but for the greater Germiston and surrounding areas. Roads are the life-lines of development and bring people and businesses together. The new roads make S&J very attractive for companies in the logistics and warehousing sectors.”
In addition to the investment in road construction, just under R80m has been allocated to the provision of bulk sewer, water mains and the necessary substation to facilitate development.
At the estate, the construction of the first precinct guard house is complete with several parcels of land being readied for sale. Current negotiations include the outright sale of land, turnkey development sale, JV development deals and bespoke developments for leasing all totalling in excess of 150,000m2
“In a regional context, the development brings much needed job opportunities, during and post-construction. It also revitalises the area as it takes formerly under-utilised land and creates development opportunities which stimulate growth in the area,” adds Nell.
“S&J will be one of the biggest industrial estates of its kind in Gauteng and South Africa. The new roads will ensure value appreciation in the area and allow businesses convenient access to major freeways,” says Jurgens Prinsloo, managing director, Abland Property Developers.
