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OVERVIEW Growth areas Brackengate 2 is a new industrial area that has been developed east of the R300 highway. It is intended as a warehousing and distribution node, given the easy access to the N1 and N2 highways. Shoprite has a distribution centre at the site. Brackengate Business Park, the first phase of the development, has tenants such as Fruit and Veg City, Docufile, Pearson and British American Tobacco. Voortrekker Road is the subject of several interventions to encourage bulking up (businesses and residential). The Greater Tygerberg Partnership is working to provide a catalyst for new developments that will build on the area’s existing strengths: transport links, medical facilities, retail, motor dealerships and residential. Possible construction projects could arise out of the fact that about 100 000 students are in the area. The Greater Tygerberg Partnership has done a study on students’ accommodation needs and encouraged building owners to cater to this need. Two buildings have recently been purchased with the intention of turning them into student accommodation. The Voortrekker Road Corridor already has services and an established built environment but it also has some dilapidated structures and has lots of open spaces. In other words, it has lots of potential. A pilot scheme is being launched on the 22ha site of the

old Conradie Hospital, which lies not far from Voortrekker Road in the suburb of Pinelands. A 3 000 housing unit development is planned there, which will align with the provincial government’s concept of Live, Work and Play. With the state (provincial or local government) putting in the bulk infrastructure, costs for developers would be significantly reduced – the quid pro quo is that the developer must then set aside a certain number of housing units (49%) to grant-funded housing. Spatial planning also underpins the thinking behind the concept of an “aerotropolis”, the idea of using a city’s airport to be a catalyst for growth across multiple sectors. The airport’s cluster of industries and storage facilities should be linked to the metropolitan south-east and two sections in Philippi: the industrial area and the horticultural area. An area that continues to grow in terms of residential property is the West Coast. With mountains to the east, it is logical that areas north of Cape Town will grow: the only constraint is access to water. Blouberg, Parklands and Sunningdale continue to attract good houses for residential property. Several schools have been built in the area. A developer has put forward a plan to build a city near Melkbosstrand. The ambitious plan is called Wescape. The MyCiti bus service with its own dedicated lane is making it easier to live in suburbs along the West Coast. MyCiti also serves the Century City development. George on the Southern Cape coast has seen some substantial new developments, including a private hospital built for MediClinic, some new malls and a number of estates being completed. The famous Fancourt facility, which incorporates residential holiday accommodation and a hotel, also has three golf courses (but one has a very exclusive membership). Kingswood is another premier golf estate in George. Pam Golding was selling a three-bedroomed townhouse at Kingswood in November 2016 for R2.35m. Newer estates have been built on the eastern edge of George, near to the recently constructed mall, the Eden Meander Lifestyle Centre. Kraaibosch estate will have four options for potential buyers, including a retirement village. The Blue Mountain Lifestyle Estate has similar options.

ONLINE RESOURCES Construction Industry Development Board: www.cidb.org.za Greater Tygerberg Partnership: http://gtp.org.za/ Master Builders and Allied Trades Association, Western Cape: www.mbawc.org.za SA Estate Agency Affairs Board: www.eaab.org.za SA Institute of Architects: www.saia.org.za SA Institute of Valuers: www.saiv.org.za SA Property Owners Association: www.sapoa.org.za.

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WESTERN CAPE BUSINESS 2017

Western Cape Business 2017  
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