This development is another step forward for West Property Fund, allowing West to continue to expand its portfolio of high-quality, sought-after industrial warehouses in a key focus area in the Western Cape. This development expands West’s South African portfolio to a total of 12 industrial properties and circa 100,000m² under management.
This is West’s 3rd logistics and distribution warehouse development in Richmond Park, which is a unique mixed-use development situated along the N7 which is in close proximity to Montague Gardens.
This new development increases its industrial portfolio to twenty properties across SA & the UK, which has emerged as one of the most defensive asset classes in the current global economic climate.
“West prides itself on being a developer of choice. We do not develop speculatively and our development business is driven largely by demand from tenants looking for modern, high quality facilities situated in centralized logistic nodes,” says Nic Morris, CEO.