Gauteng Business 2022/23

OVERVIEW
Construction and property
Logistics is a growth sector for property companies.
SECTOR INSIGHT
A light-frame steel hospital
has been constructed.
Fortress REIT took a big step in 2021 towards establishing its
Eastport Logistics Park as a significant logistics hub with the
signing of an agreement with Pick n Pay to jointly develop the
park which is located near to OR Tambo International Airport
on the busy R21 highway.
Once subdivisions and land transfers have been completed, the
supermarket chain will own 60% of the 36ha site while Fortress will
fund the expansion of facilities that will take place on the site over
time. This partnership with Pick n Pay is another step in Fortress
Logistics’ strategy of developing and owning two-thirds of its
portfolio in logistics. The park is due to be completed in 2023.
Logistics, often taken for granted in normal times, became an
even more important component of the supply chain during the
global lockdown and in the months that followed, with the second
half of 2021 characterised by blockages and delays.
Hammanskraal is the site of the construction of South Africa’s
first light-frame steel hospital. The need for speed in construction
of health facilities in the face of the Covid-19 outbreak made
the method adopted perfect for the purpose. Two companies
cooperated on the project (pictured), Concor Construction and
Futurecon. The thermal efficiency of the walls will help to reduce
the cost of maintaining the building.
An innovative scheme to build a new township in Gauteng
is backed by a retirement fund. The Transport Sector Retirement
Fund is building an integrated settlement in the Sedibeng District
Municipality south of Johannesburg. The R2.7-billion development
includes a shopping centre and will include a mix of housing types.
A large housing project south-east of Tshwane has been
designated a Strategic Integrated Project (SIP) which means that all of
the external bulk services will be
supplied by the Department of
Public Works and Infrastructure.
Balwin Properties will develop
the residential component of
Mooikloof Mega City and the
educational, commercial and
filling station erven will be sold
to a third party. The intention
is to build about 16 000
apartments, with the potential
to increase to 50 000. The
property is on Garsfontein Drive.
Another SIP is Malibongwe
Ridge, a mixed-use development
that is a joint venture between
the City of Johannesburg and
the Gauteng Department of
Human Settlements. Located
next to Cosmos City, housing for
5 500 families is expected to cost
R2.55-billion to develop.
By 2030 Gauteng will have
two huge new cities, socially
diverse, digitally connected
and ecologically responsible
and sustainable. That’s if the
Provincial Government of
Gauteng brings to fruition its
plans for the west (Lanseria to
Hartbeespoort Dam) and in
the south, where Vaal River City
will stretch from Vereeniging to
Sasolburg in the Free State.
In the 25 years since South
Africa has been a democracy,
GAUTENG BUSINESS 2022
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