South African property developer and investor Atterbury has begun construction on Old Mint Park, a prime industrial development neighbouring the landmark South African Mint and fronting the N1 highway, centrally located between Midrand and Centurion.
The development is a joint venture between Atterbury and Old Mutual Properties that will see a new state of the art 65 000sqm industrial park.
The first building under construction is a business unit development offering premises ranging from 500sqm to 2 500sqm in a single 10 000sqm building.
Concurrently constructed with this is a second building of 4 500sqm of warehouse and office space.
Atterbury development manager Derrick Pautz reports that earthworks for this development commenced in December 2017. The business units are expected to be complete and available for occupation by the end of this year.
“Old Mint Park has been well received by the market. Fortuna Food has already signed the first lease at the business park for a 2 000sqm unit. They will begin trading from their new facility from October 2018,” reveals Pautz.
One of the development’s biggest drawcards is its location. It is positioned centrally between Johannesburg and Pretoria, where Midrand meets Centurion. It enjoys excellent frontage on the busiest stretch of highway in Southern Africa and is conveniently situated between the N1 – Brakfontein interchange, Old Johannesburg and Pretoria Main roads, and the Samrand on- and off-ramps.
The site of Old Mint Park enjoys easy access from Old Johannesburg Road (K101). Importantly, the upgrade of the K101 into a four-lane dual carriageway is due to start later this year. It is from this wider arterial that Old Mint Park will have its own dedicated access road.
Old Mint Park is also located directly opposite the future Samrand Gautrain Station and adjacent to the future K220 Road, which is incorporated into its master plan. What’s more, it is already well served by public transport, including busses and taxis.
“Old Mint Park’s prime position in a major established and growing business node central to the Gauteng business hub makes it a great asset for business. It benefits from excellent connections to major transport routes, sweeping highway visibility and convenient surrounding residential, education and healthcare facilities,” says Pautz.
Old Mint Park will have full perimeter fencing and feature 24/7 state-of-the-art security, with the latest in CCTV and access control at its dedicated gatehouse and intruder-detection systems on the boundary. It will also offer high-speed fibre access to all tenants.