Blue-Chip Companies Attracted to Riverhorse Valley Business Estate
Category Chas Everitt Commercial Division
Optimism currently surrounds the Durban commercial and industrial sector as demand and subsequently, supply for space is increasing with 100 000sqm of new office space expected to be completed by 2018 and a number of logistics parks and distribution developments in the pipeline.
This is according to the latest JLL Durban Commercial and Industrial Market Report, which further states that demand is most noticeable in areas close to the King Shaka International Airport and the Durban Harbour.
Supporting these findings is the Riverhorse Valley Business Estate, situated just 22 minutes’ drive from the airport and 36 minutes from the harbour. According to Denis Davidson, Chas Everitt International commercial manager in uMhlanga, the estate is currently experiencing high demand from blue-chip companies.
“Many blue-chip companies in the courier, logistics and large warehousing sectors have moved into the estate, along with a number of smaller businesses,” he says.
“And with high demand being experienced throughout the precinct and companies snapping up properties as soon as they become available, there are now limited vacancies.”.
Davidson attributes the success of the estate to its central and strategic location, modern designs and facilities, and a management association that ensures that the area is well-maintained and consistently clean.
Symbolised by the Hippo which is known for its strength, the estate is growing as it continues to attract big companies and its sheer size has allowed it to evolve into a suburb known as the Riverhorse Valley. Spanning 150ha, it is designed to accommodate light industrial and commercial businesses, in the following proportions:
- 70% manufacturing and warehousing
- 10% commercial and services
- 15% office
Demand for quality
Although the estate is sought-after, with many prominent clients such as Parmalat, Time Freight and Massmart, rentals are relatively higher than other industrial estates, and range from R75/sqm to R85/sqm.
Offices in Riverhorse Valley are designed along clean and modern lines, many with water features, landscaped walkways and decks, as well as plenty of parking spaces and onsite coffee shops and restaurants. On the other hand, the available industrial properties are ideal for container and truck access and incorporate mezzanine components as well as ablution and canteen areas.
Available from Chas Everitt International is a range of commercial and industrial properties for those who want to enter this well-established precinct. The featured property is a 2281sqm warehouse unit which is suitable for super link access and is equipped with three on-grade roller shutter doors and two dock levelers.
With demand for premium commercial and industrial space in Durban growing, it is becoming more difficult to secure space in precincts such as Riverhorse Valley.. Although it comes with a comparatively higher price tag, it is the ideal environment for a business to grow and thrive as it offers A-grade facilities that satisfy the most discerning tenants.
Author: Chas Everitt International Property Group