OVERVIEW
Construction and property Logistics is a growth sector for property companies.
SECTOR INSIGHT A light-frame steel hospital has been constructed.
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ortress REIT took a big step in 2021 towards establishing its Eastport Logistics Park as a significant logistics hub with the signing of an agreement with Pick n Pay to jointly develop the park which is located near to OR Tambo International Airport on the busy R21 highway. Once subdivisions and land transfers have been completed, the supermarket chain will own 60% of the 36ha site while Fortress will fund the expansion of facilities that will take place on the site over time. This partnership with Pick n Pay is another step in Fortress Logistics’ strategy of developing and owning two-thirds of its portfolio in logistics. The park is due to be completed in 2023. Logistics, often taken for granted in normal times, became an even more important component of the supply chain during the global lockdown and in the months that followed, with the second half of 2021 characterised by blockages and delays. Hammanskraal is the site of the construction of South Africa’s first light-frame steel hospital. The need for speed in construction of health facilities in the face of the Covid-19 outbreak made the method adopted perfect for the purpose. Two companies cooperated on the project (pictured), Concor Construction and Futurecon. The thermal efficiency of the walls will help to reduce the cost of maintaining the building. An innovative scheme to build a new township in Gauteng is backed by a retirement fund. The Transport Sector Retirement Fund is building an integrated settlement in the Sedibeng District Municipality south of Johannesburg. The R2.7-billion development includes a shopping centre and will include a mix of housing types. A large housing project south-east of Tshwane has been designated a Strategic Integrated Project (SIP) which means that all of
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the external bulk services will be supplied by the Department of Public Works and Infrastructure. Balwin Properties will develop the residential component of Mooikloof Mega City and the educational, commercial and filling station erven will be sold to a third party. The intention is to build about 16 000 apartments, with the potential to increase to 50 000. The property is on Garsfontein Drive. Another SIP is Malibongwe Ridge, a mixed-use development that is a joint venture between the City of Johannesburg and the Gauteng Department of Human Settlements. Located next to Cosmos City, housing for 5 500 families is expected to cost R2.55-billion to develop. By 2030 Gauteng will have two huge new cities, socially diverse, digitally connected and ecologically responsible and sustainable. That’s if the Provincial Government of Gauteng brings to fruition its plans for the west (Lanseria to Hartbeespoort Dam) and in the south, where Vaal River City will stretch from Vereeniging to Sasolburg in the Free State. In the 25 years since South Africa has been a democracy,
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