Babelegi Industrial Park creating a culture of industry in Pretoria North
Category Industrial Property News
Hammanskraal an area not far from Northern Pretoria recently had an industrial injection worth 42 Million that will create much-needed employment and development for the Pretoria area at large. According to local newspaper the Pretoria North Rekord online, The Babelegi Industrial Park at the end of May 2017 opened it's doors to create employment within certain industries.
Coupled with other recent developments such as The Automotive Industry Development Centre (AIDC), where R50 billion has been allocated. This is enabling the Northern regions of Pretoria to become highly regarded for industry and job creation. The project is spearheaded by the Department of trade and industry (DTI) and The Tshwane metro in a quest to deveolp this once neglected area. According to the Pretoria North Rekord Trade and Industry Minister Rob Davies was instrumental in the development of the project which is apart of a bigger strategy nationwide.
"Davis said the R42 million project was part of the Department of Trade and Industry (the dti) revitalisation of industrial parks to attract investment to identified nodes to encourage job creation. The park has about 261 units for leasing, 188 are occupied by textile, engineering, construction, light manufacturing, warehousing and distribution companies" - https://rekordnorth.co.za
This is good news for the property market at large, especially companies that have a vested interest in the industrial development within the epicenters of South Africa and the Northern regions of this significant South African city. One such company is API Property Group who have 6 listed properties available for rental in the expanse. Initiatives like this only enable the property industry to grow. Although there are only currently 6 listed properties in the area for the leading brokerage, what makes it these listings highly favourable is the variety in size and price with the cheapest coming in at a modest R9000 per month.
The Babelegi Industrial Park plays host to a number of highly regarded companies including "Nestle, CIM plastic, Glencarol, Radium engineering, Babelegi worker wear and industrial supplies, Canosa ceramics, National tents and Sail SA" - the Pretoria North Rekord states. Having these kind of mega brands operating out of the vicinity only raises the profile of Pretoria North as a whole and will enable a steady amount of industrial investment and job creation for this particular Pretorian suburb.
The area isn't a problem-free location and there is still need for transport infrastructure such as roads to be upgraded. That said the Tshwane Municipality is on their way to rectifying this problem. "For this financial year, the city has a budget allocation for integrated transport infrastructure to the tune of R1.1 billion split as follows: R34 million for the Wonderboom airport, R669.2 million for A Re Yeng and R375.8 million for roads". -https://rekordnorth.co.za.
This was for the 2017 financial year. The budget for the 2018/2019 financial year for the same year is as follows according to the same news source it's over R870 Million will be allocated. 130 million will be allocated to water demand management, R74 million will go to replacing water pipes, R33 Million will go to the implementation of strengthening 11kv lines, 20 million will be put towards replacing sewers and R120 Million is being allocated to bulk electrical infrastructure at the Bronkhorstspruit, Kentron and Soshanguve substations.
With so much money being allocated into the industrial nodes of Pretoria North as well as key infrastructure upgrades being implemented it would seem that there really isn't a better time to invest in this up and coming area for industry. Get in contact with an API broker today and make your next operation out this crucial location within one of South Africa's leading cities.
Author: API Property Group
