R320m Millroad Industrial Park set for completion



11-12-2019
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Bizcommunity.com
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The final phase of Growthpoint Properties' 40,000m2 Millroad Industrial Park in Cape Town is set for completion this December. Developed in three phases, Millroad Industrial Park is a storage, warehousing and distribution park consisting of premium-grade warehousing with associated offices in the established industrial area of Bellville Industria.

The first phase of Millroad Industrial Park is fully occupied by Laser Logistics leasing 5,000m2 with 1,000m2 expansion potential. The 22,000m2 second phase was completed at the end of 2018 and is significantly let.

“Now, the final phase of the project is well underway, adding 13,000m2 of quality sub-divisible space to the park, and will be completed in December 2019. Like previous phases, it combines warehousing with offices, however this phase is designed for smaller users and comprises four units with a minimum size of 2,700m2,” says Errol Taylor, head of asset management: industrial at Growthpoint.

Riaan Munnik, Growthpoint Properties Western Cape Regional Development Manager, says, “The final phase of Millroad Industrial Park is coming to market at the ideal time when industrial development in Cape Town has slowed and the letting of speculative development in the city has started to pick up.”

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