Property investor and developer Atterbury has been awarded the contract to develop a new distribution facility for Aramex South Africa in Richmond Park, Milnerton, Cape Town.
The development and long-term lease agreement were awarded to Richmond Park Development Company after a comprehensive request for proposal process managed by Broll, which began mid-2019.
Aramex is a leading global provider of comprehensive logistics and transportation solutions. Established in 1992, Aramex rapidly evolved into a global brand recognized for its customer service and innovative multi-product offering. Aramex employs more than 13,900 employees in over 354 locations across 60 countries, and has a strong alliance network providing worldwide presence. Aramex is also a publicly traded company on the Dubai Financial Market (DFM: ARMX).
“Richmond Park is the prime business site on Cape Town’s N7 corridor. It is a multibillion Rand mixed-use development by major shareholders Atterbury, Old Mutual Properties, the Richmond Park Communal Property Association (CPA) as well as Qubic 3 Dimensional Property, Bethel Property and Atlantis,” says Gerrit van den Berg, who heads Atterbury’s Western Cape operations.
The new Atterbury-developed facility will consolidate Aramex’s two existing Cape Town facilities into one fit-for-purpose 9,240sqm facility. Designed to Aramex’s unique specifications, it will include a 8,000sqm warehouse for Aramex’s courier and distribution divisions as well as 1,200sqm of offices.
Earthworks will begin in June this year and the building will be completed in February 2021. Aramex will commence trading from its new facility in March 2021.
Sean Berowsky, Head of Broll Broking in South Africa, says that the decision to locate the new Aramex Western Cape HQ at Richmond Park, Milnerton, was the result of an intense search for the best option for Aramex’s future business needs.
“The respective Aramex and Atterbury teams were exceptional in concluding this transaction, in a unique requirement which blended two distinct business units into one world-class building; bringing together the required operational and business synergies which were crucial to Aramex’s needs,” says Berowsky.
Atterbury was chosen for this landmark project based on its proven track record of delivering excellent tailor-made development solutions over more than 25 years in property development, investment and asset management in South Africa and internationally.
Mia Kitshoff, the head of Atterbury’s leasing in Cape Town, says the new custom-built Aramex facility is designed as a modern and highly-efficient building, supported by Richmond Park’s excellent location and superior transport access.
“We are excited to partner with Aramex on this development and to provide it with the platform to further its business in Cape Town. The new Aramex building will undoubtedly become a landmark for the city with its N7 freeway-fronting branding,” notes Kitshoff.
Richmond Park enjoys unmatched access from both the N1 and N7 highways, with excellent visibility from the latter, making it an ideal location for logistics and warehousing.
As a popular and growing industrial node, the operating and upcoming facilities at Richmond Park include those of Cape Fruit Coolers, CTM, Mustek, Scoop, ACDC Dynamics, Max on Top, Corex and Sequence Logistics in conjunction with RPP.
Richmond Corner convenience shopping centre, anchored by Pick and Pay and Woolworths Food, will open in the precinct in April 2020 to offer everyday shopping and dining for the park, surrounding community and commuters.
Source: Propertywheel.co.za | https://propertywheel.co.za/2020/03/atterburys-richmond-park-secures-new-aramex-cape-town-facility/