PROPERTY SUMMARY Springfield

Urban Growth Park, Springfield, Cape Town

Springfield

The property was acquired in 2022. The property offers excellent development opportunities.

SAB is currently the tenant and they use the facility as a logistics hub for its transport partner, FADEL.

Property details

The property is an A-grade industrial warehouse space with offices and an ablution block for truck drivers. There is also a large yard for trucks to park and turn around within the premises.

The property also houses its own fueling station, which is a necessity for the tenant allowing its trucks to refuel in its yard. They are also able to service trucks on-site, making it easier and more efficient to get trucks back on the road.

Tenants

South African Breweries is a major brewery headquartered in Johannesburg, South Africa. It is of Anheuser-Busch InBev.

The company owns over 200 beer brands, including Budweiser and Bud Light, Corona, and Stella Artois, to name a few.

The facity is currently used by SAB’s transport partner, FADEL.

total size (sqm)

23 054

Total Tenants

1

Anchor Tenants

South African Breweries

Long Term Remaining

5 Years

Type Lease

Triple Net Leases

Other

30 KVA Generator

Valuation (1 July 2023)

R66 000 000