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New Aramex Cape Town Facility set to be built in Atterbury's Richmond Park

Category Developments

New Aramex Cape Town Facility set to be built in Atterbury's Richmond Park

Renowned property investor and developer Atterbury has been awarded the contract to develop a new distribution facility for Aramex South Africa on the land restitution site of Richmond Park, Montague Gardens, Cape Town.

The development and long-term lease agreement were awarded to Richmond Park Development Company after a comprehensive request by Aramex for proposals.

Aramex is a leading global provider of comprehensive logistics and transportation solutions. Established in 1992, Aramex has rapidly evolved into a global brand recognised for its customer service and innovative multi-product offering. Aramex employs a staff incorporating more than 13,900 employees in over 354 locations across 60 countries, and has a strong alliance network providing worldwide presence. Aramex is also a publicly traded company on the Dubai Financial Market (DFM: ARMX).

"Richmond Park is the prime business site on Cape Town's N7 corridor. It is a multibillion Rand mixed-use development by major shareholders Atterbury, Old Mutual Properties, the Richmond Park Communal Property Association (CPA) as well as Qubic 3 Dimensional Property, Bethel Property and Atlantis," says Gerrit van den Berg, who heads Atterbury's Western Cape operations.

The new Atterbury-developed facility will consolidate Aramex's two existing Cape Town facilities into one fit-for-purpose 9,240m2 facility and become the Western Cape region's headquarters. Designed according to Aramex's unique specifications, the completed building will include an 8,000m2 warehouse for Aramex's courier and distribution divisions, along with 1,200m2 of offices for their administrative team.

Earthworks will begin in June this year and the building will be completed in February 2021. Aramex will commence trading from its new facility in March 2021.

Atterbury was chosen for this landmark project based on its, more than 25 years, of proven property development track record of delivering excellent, tailor-made development solutions both throughout South Africa and internationally.

Mia Kitshoff, the head of Atterbury's leasing in Cape Town, says the new custom-built Aramex facility is designed as a modern and highly efficient building, supported by Richmond Park's excellent location and superior transport access.

"We are excited to partner with Aramex on this development and to provide it with the platform to further its business in Cape Town. The new Aramex building will undoubtedly become a landmark for the city with its N7 freeway-fronting branding," notes Kitshoff.

Richmond Park enjoys unmatched access from both the N1 and N7 highways, with excellent visibility from the latter, making it an ideal location for logistics and warehousing.

As a popular and growing industrial node, the operating and upcoming facilities at Richmond Park include those of Cape Fruit Coolers, CTM, Mustek, Scoop, ACDC Dynamics, Max on Top, Corex and Sequence Logistics in conjunction with RPP.

Richmond Corner, a convenience shopping centre, anchored by Pick and Pay and Woolworths Food, will open in the precinct in April 2020 offering everyday shopping and dining for the park, surrounding community and commuters.

Author: www.propertywheel.co.za

Submitted 18 Mar 20 / Views 75

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West Coast, Western Cape

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