S&J Industrial Estate
Set to be one of the biggest industrial developments in South Africa, S&J Industrial Estate will span an impressive 210ha. This exciting project breaks ground in 2017 and will cater for a variety of industrial uses ranging from manufacturing, distribution and warehousing. Situated in Germiston on the N3, S&J will have great visibility and is ideally accessible to suit tenants requirements, sales and leasing option available.
IN THE NEWS
The Pivotal Fund (‘Pivotal’), a development focused investment fund, is pleased to announce that it has purchased a 45% share in S&J Industrial, a 210 hectare (2.1 million m²) prime industrial parcel of land located in Germiston, Johannesburg.
This follows a Joint Venture agreement between Pivotal, Redefine Properties Limited (‘Redefine’) and Abland Proprietary Limited (‘Abland’) whereby the land will be co-owned in shares split 45%, 45% and 10% respectively. The land is earmarked for an industrial precinct and will be serviced and developed in phases based on demand.
Jackie van Niekerk, CEO of Pivotal commented: “This transaction delivers on our commitment to shareholders and is aligned with our strategy to balance our portfolio by increasing our exposure to the industrial sector.