Atterbury extends Waterfall Estate
Category Property Fund News
Property developer Atterbury has announced that it is starting the next 70,000m² of development at Waterfall Business Estate before year-end.
Waterfall Business Estate is a staggering 1,6-million-square-metre mixed-use commercial development located between Sandton and Midrand.
The company’s latest development at Waterfall Business Estate includes a landmark 23,000m² head office for Group Five and a 26,500m² warehouse for Tarsus.
It is also developing 6,000m² of offices for Golder Associates and 5,000m² of speculative building at Maxwell Office Park.
"Developing prime offices and distribution centres at Waterfall Business Estate is progressing at a pleasing rate," says Atterbury property developments director Coenie Bezuidenhout.
Mr Bezuidenhout says that as more commercial developments and residential units are completed, the company is also building community resources for the public. To this end, Atterbury recently broke ground for a 9,000m² convenience centre at Maxwell Corner.
High-profile businesses that have chosen to operate from the new Waterfall Business Estate include Cell C, Altech Group and a Netcare Hospital.
Also under development by Atterbury at the estate is a 30,000m² distribution centre for Walmart’s Massbuild, and an 8,000m² distribution warehouse for Digistics, which services fast-food companies such as KFC and McDonald’s.
Leading South African property fund Atterbury Investment Holdings is the major investor in Waterfall Business Estate, with an 80% stake, while Atterbury Property Development owns 20%.
Author: Warehouse Finder
