R730?mln for trade zone

2014-06-13 00:00

DUBE TradePort, one of the biggest economic development projects under way in the province, has netted R730 million in private investment in a little under 24 months.

It has transformed from just serviced stands to a 26-hectare construction site in under two years.

The first phase is fully let; the second phase, involving 51 hectares, is expected to come online in 2015, a spokesperson said yesterday.

Shree Property Holdings was the first private sector mover on the sight, with a R560 million investment in air freight logistic warehouses over 125 000 square metres.

These were being erected adjacent to the Dube Cargo Terminal.

Shree is one of seven new industrial developments taking shape in the trade zone, with manufacturing in the electronics sector, packaging and logistics forming the core of the latest investments.

“We are investigating the development of an electronics cluster. A number of key electronic investments are coming into the zone and, with the potential of Special Economic Zone status, we are exploring the supplier linkages in this sector across a wide range of businesses with an emphasis on export and air freight usage,” Hamish Erskine, Dube TradePort’s property sales executive, said in a statement.

In the electronics sector, two 12 000-square metre facilities under roof, with room to expand, had been leased to international companies — one of the companies was involved in a joint venture with a South African company for the manufacture and assembly of components.

South Korean giant Samsung has been reported to be considering the investment of billions of rand for a white goods manufacturing facility at Dube TradePort.

“Dube TradePort provides intermodal superiority. The tenant profile approaching us for space include the likes of the world’s top 10 logistics firms, such as UPS,” said Shree Property Holding chief executive officer Pran Shree.

“There are also plans for a rail connection as far north as Ballito,” added Shree.

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