We recently renovated one our logistics properties in Linbro Business Park, and shortly thereafter signed a new long-term lease agreement with Hudaco Limited, a JSE listed blue chip company that specialises in the import and distribution of high quality branded automotive, industrial, and electrical consumable products.
The property will house 3 subsidiaries of Hudaco, namely Powermite, Varispeed and Three-D Agencies.
The Linbro node is one of the most successful light industrial property districts in South Africa, attracting rentals of around R65 per square meter, and has a low vacancy rate below 3%. Its proximity to Sandton, Midrand, and OR Tambo International Airport (by road and train) makes it a popular warehousing and distribution hub.
West Property Fund has three warehouses in the node.