Midrand node to expand further

Atterbury Property Developments’ Director Coenie Bezuidenhout said the Midrand node’s growing popularity with business is supported by the large investment to extend the infrastructure in the area, notably the R13,2 million upgrade to the Allandale and K101 extension, which commenced in August.

Bezuidenhout said, “Two prime convenience centres will open early in 2014, and new offices are coming to market and being snapped up by blue-chip businesses.”

Bezuidenhout confirmed a further four deals have been concluded on bespoke premises for quality tenants, namely Premier Foods, Dräger, City Lodge and Westcon Group. In addition, construction of another office building commenced last month in anticipation of even more demand.

Situated on the corner of Maxwell Drive and Woodmead Drive, Waterfall Corner will feature Woolworths and Checkers as anchor tenants.

“We’re excited to welcome these leading retailers,” said Bezuidenhout.

Ideally positioned to serve the large catchment areas of Woodmead, Kyalami and Midrand, Waterfall Corner will make it easy for shoppers to pop in for their daily shopping needs from April 2014.

Prominent health club brand Virgin Active will lead Waterfall Lifestyle Corner, which is a sport-focused retail value centre.

Maxwell Office Park is due for completion in June 2014.

Atterbury is developing a new facility for international company Dräger, which specialises in medical and safety technology, in the Waterfall Commercial District.

This will span 4 600 square metres on Old Pretoria Road, and is set for completion in November 2014.

In the Waterfall Logistics Precinct, a tailor-made space for Westcon Group is being developed and includes a warehouse and office space.

Supporting the rapid commercial development at Waterfall Business Estate, as well as the precinct’s residential growth, a 150-room hotel for City Lodge is being developed in Waterfall City and will be ready for occupation in November 2014.