We recently broke ground on our first greenfields development – a 10,000 square metre building on an 18,500 square metre site in Cape Town’s in-demand Richmond Park, a project in partnership with the Som Group.
The warehouse, due to be complete in November 2021, was developed specifically for get\Worth, whose major shareholder is MOTUS, off the back of a long-term lease agreement.
Richmond Park is a unique mixed use development situated along the N7 in Cape Town, in proximity to popular Montagu Gardens.
Already home to a range of logistics and distribution solutions providers, the Park services local and international clients. This new development, along with our other recent acquisition in the United Kingdom, enhances West Property Fund’s grounding in what is emerging to be the most defensive asset class in the current economic climate. Even though the South African economy is constrained, the demand for logistics and lightweight industrial properties continues to grow.