Fairview hub opens - Several plots sold in first phase of new Business Park

2016-06-01 06:00
The Fairview Business Park, which has already brought an investment of R50 million to this suburb, has completed its first phase recently. This development will in future also include 36 ha of commercial and housing projects.PHOTO: SUPPLIED

The Fairview Business Park, which has already brought an investment of R50 million to this suburb, has completed its first phase recently. This development will in future also include 36 ha of commercial and housing projects.PHOTO: SUPPLIED

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A building project that is expected to generate millions of rands, many job opportunities and breathe new life into the Port Elizabeth suburb of Fairview, will open its light industrial hub soon.

The Fairview Business Park, developed by the Fairview Property Company, recently completed construction of a 12.5 hectare development, which comprises 40 light industrial properties and one commercial property.

“About several plots were sold in the first phase,” said John Mowbray, chairman of the property company.

“It can be used for office buildings, light industry, shops and warehouses.”

Mowbray said the Port Elizabeth business community has reacted positively to the development, with many businesses already having snapped up property here.

“However, none of the buyers have started with construction on their new properties. The project will be completed in phases, which will take years.”

In the next phases another 36 hectares will be used for commercial and housing projects. The latter will include about 700 plots for housing, Mowbray added.

Before this phase, they’ll have to complete the roadworks around the business park.

“We did a traffic impact assessment. Arising out of the assessment, we are working on considerable improvements along Circular Drive and Willow Road,” said Mowbray. “These roadworks will be completed by the end of August.”

The development has already cost R50 million, but it will bring a series of benefits to the residents of Fairview, said Mowbray.

“Our development has improved the roads and is going to lead to job creation, both in the building phase and through people being employed in the businesses that occupy the land. It will also result in an increase of rates flowing back to the metro.”

Even the residents who returned to Fairview after they were removed from the neighbourhood during Apartheid will benefit from the development.

“Our land does not form part of the restitution land, but our development will go a long way in providing potential employment opportunities for people who have moved back to Fairview. It will also increase the value of their land.”

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