Industrial Property in Linbro Park growing exponentially
Category Industrial Property News
Although 2017 was a turbulent year for certain industries. The property market in Linbro Park near Sandton Johannesburg is set to grow exponentially in 2018 according to Stephanus Weyers Director and Principal of one of the area’s most prevalent property companies API Property Group.
API focuses in industrial and commercial property in the three main economic and political hubs of the country, Johannesburg, Cape Town and Pretoria (Tshwane) and are widely considered to be a leader in the property brocade with their invaluable support, advice and sheer volume of properties in their roster for both sale and rental.
“Industrial property market is definitely growing in Linbro Park. A good indicator of the attraction of an industrial property node is low vacancies (which is the case in Linbro) and rent level (R65/m² excl VAT) being achieved. An even better indication of an industrial property node being popular and in demand is the price of land. In Linbro Park in a new industrial and commercial land development called LongLake”. – States Weyers.
According to Weyers they currently have two warehouses and or logistics facilities available in Linbro Park which are perfect for medium to larger businesses with prices in the range of 5000m² at R65 per m² excluding VAT and an 8000m² at R 65/m² excluding VAT. Weyers believes these are also great property choices due to their proximity to the N3 highway.
Land in the LongLake development is being marketed and sold for roughly R1, 700 - R2, 000/m² which according to Weyers is the highest price for land in the entire North of Johannesburg.
According to property writer Angela Boulle, the LongLake development follows suit of the success of another similar development entitled Greenstone and it will be roughly 335 hectares in size and will be utilised for various purposes. “LongLake will ultimately allow for the development of over 1 million square meters of warehousing and distribution, office and retail development, 2 000 residential opportunities, a conference centre and institutional facilities” – States Boulle.
Other experts within the property market are sharing similar sentiments and some are equating the increase in revenue for the property market to the political landscape of the country.
"Indications so far are that 2018 may be a better one for the market. With the ANC elective conference over and a business savvy and investor-friendly president (Cyril Ramaphosa) at its helm, the hope is that we will see more stability with regards to policy and personnel. We have already seen an improvement in the value of the currency and in business confidence and if this continues we should see an improvement in the property market as pent-up demand is released” – Simon Bray CEO of the Private Property group.
Weyers also equates the increased demand for industrial property in the Linbro Park being largely due to its key location and proximity to other world-class facilities such as the Gautrain. “Linbro Park is an established modern, neat and secure industrial and commercial area which is centrally located to the N3, N1, M1 and N12 highways. It services the industrial, commercial warehouse and logistic property needs of the Sandton area and is situated less than 1km from the Marlboro Gautrain station”. – Weyers.
With various factors playing a role in the industrial property demand increase in Linbro Park, it seems it’s the right time to invest and with so many options available it’s an exciting time for both the property and industrial industry within the greater Gauteng area. For more information on Linbro Park visit their area profile.
Author: API Property Group
