|
Unlocking value at Glenkey
Date published 8 August 2009
With interest rates on the decline the time may be right to invest in a sectional-title multi-use unit in Glenkey Mews – one of the Cape’s newest business precincts says Broll area specialist Anton McElhone.
Situated within Sheffield Business Park – a 50+hectare development at the confluence of Vanguard Drive and Lansdowne Road – Glenkey Mews comprises six units, each of 217m2 that can be customised to suit individual owners’ requirements.
‘Demand for well-situated industrial space remains buoyant and Glenkey is positioned at the heart of one of the Cape’s newest logistics hubs. Other companies have seen value in the precinct; retailer Spar moved into a new 40,000m2 distribution centre and UTI recently completed a 10,000m2 for international sportswear manufacturer Adidas,’ adds McElhone.
‘Easy access to major arterial roads – the N1, N2, R300 and M5 are all nearby – makes it ideal for those requiring easy vehicle movement. In addition, a new interchange linking Lansdowne Road and Vanguard Drive is nearing completion.’
‘As a self-contained project within Sheffield Business Park, Glenkey Mews offers great security – there’s 24-hour closed circuit television monitoring of the perimeter fence along with manned gatehouses at the entrance.
Glenkey is the first development project out of the ground within Sheffield Business Park. According to Antony Payne – Glenkey’s managing director – his experience shows tells a positive story: ‘We’ve completed a number of similar industrial projects over the years and in every instance investors or owner/occupiers taking the plunge early have benefitted financially. This coupled with likely further interest rates indicates that occupation dates in the second half of this year could be ideal.
’
Glenkey comes with a pedigree both as a developer and construction contractor. The company has concentrated its activities at Airport City in recent times, offering properties from smaller units in sectional title developments to larger buildings on a turnkey project basis. It’s expected that with the focus now on Sheffield Business Park interest in the new node will increase.
‘While global events have unsettled local markets to a point, the general shortage of quality industrial space in greater Cape Town means there are limited opportunities for ownership. Sheffield Business Park is one of the few precincts able to offer serviced land from 1,600m2 to over 30,000m2. And when you look at the total package – location, access, security and convenience – Glenkey Mews is one of the best multi-use developments available,’ concludes McElhone.
For further information contact Anton McElhone on 083 506 7829.
Caption: Comprising six units of 217m2 each, Glenkey Mews is a secure development within the larger Sheffield Business Park.
Author: James G Smith - Imbongi Communications
|
