Major infrastructure upgrades set for various areas - Johannesburg
Category Industrial Property News
Urban decay is a worldwide issue and there are areas in almost every major city in the entire world that experience this. It’s the mandate of local government and municipalities to address these problems. There are certain areas within the Gauteng province and within Johannesburg’s sprawling metropolitan area which have been earmarked for major infrastructure upgrades. What impact will these upgrades have on these areas and what does it mean for certain industries in the area, most notably the industrial property business.
“With private investors on board and millions of rands being injected into Johannesburg’s inner city, it could well mean a complete turn-around for the neglected areas” - Chantelle Fourie (Randburg Sun).
Since 2012 there have been plans to revitalise certain areas of Randburg including Strydompark. This is according to the Randburg central business district Urban Development Framework (UDF). “The Southern portion will be sub-divided from the rest of the site, with 2.27Ha to be developed for social housing by Johannesburg Social Housing Company (Joshco) while the Northern portion of 6.4Ha will be made up of a mixed-use property development that will be able to house municipal and social services, including the taxi rank, the Bus Rapid Transit facility, the library, the licensing department and more affordable housing”- Myproperty.co.za
Infrastructure development like this will always have huge benefits to any urban area. Dramatically improving the lives of everyday individuals. Yet it also has huge advantages for both commercial and industry properties. Leading industrial and commercial property brokerage firm API Property Group have roughly 112 listings for industrial property in the Strydompark area on their website and this is a massive indication of the interest that is being shown for areas such as this situated in the greater Randburg area. “Strydompark will always be seen as a more industrialised area within the greater Randburg area, however with huge infrastructure upgrades planned for the next few years and beyond, it is set to become an area with a lot more appeal and I can see it becoming both a great place for individuals to work and live” – States Stephanus Weyers Director and Principal of API Property Group.
With Strydompark already well-established as an area with great interest in the commercial and lighter industries these upgrades will only help in furthering this legacy. Strijdom Park is well connected via the N1 Western Bypass and Malibongwe Drive hence it’s already a hive of activity when it comes to commerce.
Randburg and Strydompark are not the only areas which have been designated for infrastructure upgrades in the greater Johannesburg area. Jan Smuts Avenue in Parktown is also a commercial and residential area which is set for major development. These developments will affect road congestion but will be greatly beneficial to the area in the long run.
“It is expected to involve major roadworks in and around Jan Smuts’s area, stretching from Zoo Lake to Bompas road. The drive behind the project is to alleviate traffic congestion in the area, and will be the start of a new phase in infrastructure upgrades in the city” - businesstech.co.za.
It’s stated that the project will affect areas such as Saxonwold, Parkwood, Rosebank, Parktown North, Dunkeld and Dunkeld West and motorists, residents and business owners are advised to be patient until the work is completed as it will greatly improve business in these areas.
All in all its positive steps such as infrastructure upgrades which will put Randburg, Strijdom Park and Johannesburg even further ahead as the financial, commerce and industrial capital of South Africa. It’s a perfect time to make your industrial property needs a reality. Contact an API Property Group broker today to find out more information on industrial and commercial property in Strydompark. For more information check out their area profile or listings.
Author: API Property Group