The Automotive Industry Development Centre (AIDC) transforming Pretoria North
Category Industrial Property News
According to businesstech.co.za Pretoria is set to become the Automobile manufacturing capital of South Africa due to an exciting new initiative in the form of The Automotive Industry Development Centre (AIDC). A massive R50-Billion is being allocated to this pivotal operation for the advancement of South Africa's industrial economy, which has also been aptly titled Tshwane Auto City. The centre will be built in Rosslyn, which is an industrial node situated in the North, Eastern region of one of South Africa's most historically important cities.
“Over the next 10 years, the AIDC will oversee a further 7,100 hectares of development in the area, with the ultimate goal to transform Rosslyn and Klerksoord into a concentrated manufacturing cluster and the City of Tshwane into an automotive investment destination”. -https://businesstech.co.za
This area is already popular within the automotive industry and developments such as this have been implemented in order to make South Africa a global player within the international car manufacturing market. According to the aforementioned article the area already has manufacturing plants for BMW, Nissan, Iveco and Tata.
Leading industrial property brokerage, API Property Group, has 5 available listed properties available for rental in the Pretoria North area. What makes this region highly desirable is the fact that property is generally far more affordable than areas closer to the centre of Pretoria. According to the group initiatives such as this massive mega-development will only be good for the industrial property market in the Northern parts of the city. The company has a vested interest in the industrial nodes of the epicenters of South Africa most notably, Johannesburg, Cape Town and Pretoria.
Although this monumental project is widely being conceptualized to service the motor industry, there will be a lot more to and the development which will also include “1,200 houses and 250 rental apartments; schools and university; shopping centres; industrial parks; motor retail areas” -businesstech.co.za. This will add a lot of value to the area putting it further on the map as a not just popular within the industrial and automotive sector.
The TAC (Tshwane Automotive City) has been operating since 2008 and according to the http://www.tshwane.gov.za, is a project that hopes to “transform Tshwane into a leading automotive investment destination”. The project is also mimicked off other successful operations in other more developed parts of the world and according to the same website is inspired by the Shanghai Automotive City in China, Autostad in Germany and Toyota Automotive City in Japan. These are all leading economies within the automobile industry and Tshwane hopes to follow suit. The location in Pretoria North was chosen largely due to the fact that there was ample space available for building a centre of this magnitude and the area is within close proximity to other locations nearby who also have a vested interest in the auto industry.
“TAC implementation will create an economic engine that will thrust the South African automotive industry into a globally strengthened position, which will enhance our competitive advantage. In line with the objectives of the Automotive Production and Development Programme (APDP) formulated by the DTI, the TAC programme.” -http://www.tshwane.gov.za
Developments such as this make it a highly favourable time to invest in the Northern Parts of Pretoria. With API Property Group you really won’t be in better hands. Get in contact with one of their highly skilled brokers today and move your industrial location to this great location for not just the automobile industry but other regarded industries as well.
Author: API Property Group
