Sean Berowsky
MD of Cushman & Wakefield | BROLL Capital Markets
Shane Howe
Head of Industrial Broking, Western Cape, for Cushman & Wakefield | BROLL
In a move set to attract the attention of leading investors in the local industrial property sector, two A-grade logistics facilities in the highly sought-after Brackengate Business Park are being offered to market exclusively by the Cushman & Wakefield | BROLL Capital Markets Team.
The adjacent facilities, previously occupied by British American Tobacco and DSV Global Transport and Logistics, offer a rare opportunity for investors to secure large, modern industrial space in one of Cape Town’s prime logistics locations. The properties, roughly spanning 12,561 m2 and 14,949 m2, total 27,510m2. They can be acquired separately or together and will be sold through a closed bid tender process, for which offers need to be submitted by October 24th, 2024.
The multinational US-based seller’s decision to exit the Cape Town market due to global operational changes has created an unparalleled investment opportunity. The facilities, originally purpose-built for British American Tobacco and Pearson Books (later occupied by DSV), offer a rare blend of quality, location, and flexibility.
Sean Berowsky, MD of Cushman & Wakefield | BROLL Capital Markets, says, “With Cape Town’s industrial property sector demonstrating remarkable performance and growth, these assets are poised to attract strong interest from investors and owner-occupiers.”
Cape Town has established itself as a key logistics hub, driven by its well-maintained infrastructure and strategic position. This trend underscores the city’s strong demand for industrial space, fuelled by the growth of e-commerce and the increasing importance of efficient supply chains.
Shane Howe, Head of Industrial Broking, Western Cape, for Cushman & Wakefield | BROLL, adds, “Industrial property in Cape Town continues to defy the odds, demonstrating remarkable resilience and adaptability, with low vacancies and good demand driving rental growth. The sale of these two Brackengate Business Park facilities is a landmark event for the market, and these premium assets are set to be highly sought after.”
Brackengate Business Park is one of the most strategically positioned light industrial parks in Cape Town. Situated adjacent to the R300 with quick linkages to both the N1, and N2 highways, the park offers unparalleled access to road, air, sea, and rail networks. This prime location and the park’s exceptional security and modern facilities make it an ideal base for logistics, distribution, and light manufacturing operations.
The facilities themselves, constructed about 12 years ago, boast modern specifications. They have adequate clear heights, fire suppressant systems, multiple receiving and dispatch options, and ample yard space. The buildings offer a flexible layout capable of accommodating a variety of uses, from warehousing and distribution to light manufacturing and offices.