Paarden Eiland keeps industrial market booming
Category Industrial Property News
The industrial property market in South Africa is performing favorably as opposed to other industries within the real estate sector. This is according to an article published off Business Day. The article states that although the industrial property market in previous years was seen to be a slightly less favorable option than commercial or residential properties. For the last year or more property within the industrial sector is widely regarded to be a much better return on investment.
“Industrial property may have a reputation of being the ugly cousin in the real-estate sector, but for more than a year, it has outperformed retail and offices. While traditional smokestack industrial properties are struggling, the sector’s newer, modern distribution warehouses are booming. Growing demand for online shopping and increased imported products in the market are helping distribution centres”. – Alistair Anderson (Business Day).
These bold statements have given even further weight to the area as a sought-after industrial node within Cape Town. Paarden Eiland has been one of the top performing areas for leading industrial property brokerage API Property Group, largely due to its leading broker for the Western Cape, Sean Mattheus.
“I’d say a lot of this is largely due to hard work, this is why Paarden Eiland and the Western Cape has surpassed other areas nationwide such as Johannesburg or Pretoria. I believe a lot of this is credited to the area being so well situated within the greater Western Cape region. Its key location makes it desirable as it’s close to both the port and the central business district of this world-class city. These are some of the many reasons why the area has performed so well as well as it being well located to some of the main roads and highways in the area.” – States Sean Mattheus, leading broker for API Property Group for two years in a row.
Mattheus goes onto to explain that Paarden Eiland within the greater Maitland area is also favorable due to it achieving highest per square meter rentals throughout the entire Western Cape Province.
Commercialspace.co.za a property based news website recently wrote an article on why this is seen to be the case around South Africa. “There are multiple reasons why industrial property has continued to yield higher returns for investors in South Africa. For one, the contractual income base of the sector, where businesses take out longer leases (typically between 5 and 10 years), has helped to keep the sector stable.
Commercial real estate has also continued to provide good returns because cost management in this sector is rigorous”. - www.commercialspace.co.za.
Paarden Eiland also has a long history in the development of the entire Western Cape area so the area is well known for the industrial property market. The location was officially named an industrial node in 1935 and its longevity is a clear of example of the area's credibility within the Cape Town property market.
Leading property brokerage API Property Group has 24 listed properties within this key location and the fact that there are slightly fewer listings then certain other areas means that Paarden Eiland is hot property and in high demand.
There really are many reasons why one should invest in Paarden Eiland. Its close proximity to all that the Western Cape has to offer as well as its location to favorable residential areas makes it all that more attractive. It’s well connected to various public transport links and major highways and its interesting history has kept a sense of loyalty amongst the area from all angles. It’s a great area for both industrial and commercial developments hence many leading businesses and brands have made the area home. Why not invest in the leading area for sales amongst the API Property Group’s extensive roster of available properties. Get in contact with a broker today and make your next industrial home, Paarden Eiland.
Author: API Property Group
