Major clothes retailer Truworths has signed a deal to deal with its new distribution centre at Atterbury Property and Old Mutuals’ King Air Industria growth in Cape Town.
Set for completion in September 2023, the new warehouse will see Truworths’s numerous distribution amenities in Cape Town being consolidated and working below one roof.
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Truworths’s CFO Emanuel Cristaudo says that enterprise development enabled the corporate to scout for a bigger state-of-the-art distribution centre to accommodate its future necessities.
The growth’s 53 000m2 preliminary section is comprised of a 3 000m2 workplace and a 50 000m2 warehouse which might broaden to 70 000m2.
“The proximity of King Air Industria and the business park benefits have led us to conclude an agreement with Atterbury who we also feel has a good understanding of our warehousing business needs. This positions us well for the future and we are looking forward to the completion of this project,” Cristaudo provides.
The 72-hectare (ha) growth website, which formally opened in May 2021, is inside a 2km radius of Cape Town International Airport and permits for the event of 280 000m2 of amenities with buildings starting from 2 500m2 to 150 000m2 in dimension. It presents on-site infrastructure to permit for additional growth and 24-hour security measures catering to high-performance companies.
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A better view of the new warehouse, which can even have a 3000sqm workplace element. Image: Supplied
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Aerial render of the Truworths distribution warehouse constructing set to be constructed at King Air Industria in Cape Town. Image: Supplied
It is presently residence to supply service firm The Courier Guy’s turnkey facility and the provincial head workplace and specialised chilly storage facility of logistics firm Morgan Cargo.
Arno du Plessis, Atterbury’s growth supervisor for King Air Industria says Truworths is a superb addition to the location. “The development rollout of King Air Industria is making excellent progress and attracting a high calibre of businesses that want to be near the airport, but also seek quality, efficient premises that support both their business and sustainability goals,” he provides.
Speaking to Moneyweb, Atterbury’s head of growth for the Western Cape, Gerrit van den Berg, famous that the location is designed to primarily accommodate large-scale retailers with long-term leases of between 10 and 15 years.
“A current prospect for us is to steer more big deals at King Air especially because of the breaking point and momentum we have seen at Richmond Park.”
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Van den Berg says its 84ha Richmond Park industrial website, located on Cape Town’s N7 hall, has garnered traction as a hive of building exercise with vital developments taking form.
The website is residence to 4 landmark developments together with Takealot’s new Pickup Point and Distribution Centre, WeBuyCars’s new showroom for automotive resales, and sustainable know-how firm Rubicon’s just lately accomplished warehouse and new Western Cape headquarters.
It can be residence to Aramex, Cape Fruit Coolers, CTM, Mustek, Scoop, ACDC Dynamics, Corex, Sequence Logistics, getWorth and a Richmond Corner comfort centre.
Van den Berg says the 2 websites have developed as Atterbury’s favorite asset class and the corporate is worked up to construct extra relationships with logistics, warehousing, and industrial property corporations.
Nondumiso Lehutso is a Moneyweb intern.
