Western Cape Business 2017 edition

OVERVIEW
Growth areas
Brackengate 2 is a new industrial
area that has been developed
east of the R300 highway. It is
intended as a warehousing and
distribution node, given the easy
access to the N1 and N2 highways.
Shoprite has a distribution centre
at the site. Brackengate Business
Park, the first phase of the development,
has tenants such as Fruit
and Veg City, Docufile, Pearson
and British American Tobacco.
Voortrekker Road is the subject
of several interventions to
encourage bulking up (businesses
and residential). The
Greater Tygerberg Partnership is
working to provide a catalyst for
new developments that will build
on the area’s existing strengths:
transport links, medical facilities,
retail, motor dealerships and
residential.
Possible construction projects
could arise out of the fact that
about 100 000 students are in
the area. The Greater Tygerberg
Partnership has done a study
on students’ accommodation
needs and encouraged building
owners to cater to this need.
Two buildings have recently
been purchased with the intention
of turning them into student
accommodation.
The Voortrekker Road Corridor
already has services and an established
built environment
but it also has some dilapidated
structures and has lots of open
spaces. In other words, it has lots
of potential.
A pilot scheme is being
launched on the 22ha site of the
old Conradie Hospital, which lies not far from Voortrekker Road in the
suburb of Pinelands. A 3 000 housing unit development is planned
there, which will align with the provincial government’s concept of Live,
Work and Play. With the state (provincial or local government) putting
in the bulk infrastructure, costs for developers would be significantly
reduced – the quid pro quo is that the developer must then set aside
a certain number of housing units (49%) to grant-funded housing.
Spatial planning also underpins the thinking behind the concept
of an “aerotropolis”, the idea of using a city’s airport to be a catalyst for
growth across multiple sectors. The airport’s cluster of industries and
storage facilities should be linked to the metropolitan south-east and
two sections in Philippi: the industrial area and the horticultural area.
An area that continues to grow in terms of residential property
is the West Coast. With mountains to the east, it is logical that areas
north of Cape Town will grow: the only constraint is access to water.
Blouberg, Parklands and Sunningdale continue to attract good houses
for residential property. Several schools have been built in the area.
A developer has put forward a plan to build a city near Melkbosstrand.
The ambitious plan is called Wescape. The MyCiti bus service with its
own dedicated lane is making it easier to live in suburbs along the West
Coast. MyCiti also serves the Century City development.
George on the Southern Cape coast has seen some substantial new
developments, including a private hospital built for MediClinic, some
new malls and a number of estates being completed. The famous
Fancourt facility, which incorporates residential holiday accommodation
and a hotel, also has three golf courses (but one has a very
exclusive membership). Kingswood is another premier golf estate in
George. Pam Golding was selling a three-bedroomed townhouse at
Kingswood in November 2016 for R2.35m.
Newer estates have been built on the eastern edge of George,
near to the recently constructed mall, the Eden Meander Lifestyle
Centre. Kraaibosch estate will have four options for potential buyers,
including a retirement village. The Blue Mountain Lifestyle Estate has
similar options.
ONLINE RESOURCES
Construction Industry Development Board: www.cidb.org.za
Greater Tygerberg Partnership: http://gtp.org.za/
Master Builders and Allied Trades Association, Western Cape:
www.mbawc.org.za
SA Estate Agency Affairs Board: www.eaab.org.za
SA Institute of Architects: www.saia.org.za
SA Institute of Valuers: www.saiv.org.za
SA Property Owners Association: www.sapoa.org.za.
107 WESTERN CAPE BUSINESS 2017