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property spotlight | | Growthpoint Industrial Estate | Located at 1 Bell Street, Meadowdale, this 50 000m² industrial property offers customisation of mini units to suit tenants’ requirements, from 200m² to 10 000m². It is a conveniently located, sec | | |
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View our latest properties
available to let!
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| Industrial Portfolio |
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overview
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Growthpoint’s industrial portfolio is characterized by its diversity. Old, yet functional properties, ultra modern facilities and new developments are spread across South Africa’s premier warehousing, manufacturing and distribution nodes.
With a valuation of approximately R6.68 billion and gross lettable area, (GLA) of approx.2.3 million sq.m the industrial sector makes up 23% and 52% of Growthpoint’s property portfolio by value and by gross lettable area respectively.
The industrial portfolio is divisible into a number of categories; warehousing, industrial parks, retail warehousing, motor related outlets, mini units, midi units, maxi units, low grade industrial, high-tech and high-grade industrial. Prime industrial zoned land has also been secured in the past and as such the portfolio is well positioned to provide expansion requirements to existing and new clients.
The table below gives a cross section of the industrial portfolio.
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| Recent Performance | The industrial sector has been the best performing sector over the last three years, but has been more severely affected by the economic recession. Manufacturing output is sharply down and a number of clients dependent on the motor or mining industry have been severely affected and, in some cases, been forced to close down.
Vacancies in existing properties increased from 2.1% to 3.7%, with new developments taking the total vacancy level | | Read more |
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The table below gives a
cross sectional view of the
Industrial portfolio as at
30 June 2009. |
| Industrial Sub Class | Number of properties | GLA m² | Value Rm | Value /m²(excl. bulk) |
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| Warehousing | 117 | 1,102,461 | 2,473 | 2,229 | | Industrial Parks | 8 | 306,130 | 970 | 2,433 | | Retail Warehousing | 15 | 119,430 | 430 | 5,583 | | Motor-related Outlets | 16 | 66,665 | 391 | 5,689 | | Mini Units | 21 | 178,432 | 580 | 3,248 | | Midi Units | 7 | 78,349 | 239 | 3,014 | | Maxi Units | 2 | 42,427 | 112 | 2,628 | | Low Grade Industrial | 26 | 223,812 | 431 | 1,790 | | High-Tech Industrial | 12 | 93,503 | 379 | 3,984 | | High grade Industrial | 21 | 164,894 | 669 | 4,054 | | Vacant land | 1 | | 11 | | | Total Industrial | 246 | 2,376,103 | 6,683 | 2,684 |
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The geographical analysis of the retail
portfolio by value and GLA is depicted below.
As
the lease expiry profile as at 30 June 2009
shows, close to 50% of existing leases
expired after 3years. The expiry profile
gives Growthpoint the security of long term
tenancy while also providing the opportunity
to benefit from the short term expires.
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