Page 28 - Warehouse Annual 2022

WAREHOUSING

Giant industrial park

planned for KZN

Investec Property plans to redevelop the old Corobrik site into one of the largest business and
logistics parks in KwaZulu-Natal.

n a vote of confi dence for KwaZulu-Natal, Investec development is planned to begin in the second half of
Property is redeveloping Durban’s Corobrik site, located 2022.
Iin Durban’s northern corridor. The Brickworks is being
positioned to attract large users of the warehousing and “Our large platforms will allow for the construction of
logistics space, nationally and internationally. warehouses, up to 100,000 square metres under roof. The
market has responded positively and we are in discussions
With the total development over three phases valued at with numerous users and clients,” says Investec Property’s Iain
an estimated R6 billion on completion, The Brickworks is on a Burns, Development Manager of The Brickworks.
path to becoming one of South Africa’s most pivotal logistics
and distribution hubs due to its superior location, access and Strategically located between Riverhorse Valley and
security. “Investec Property, a subsidiary of Investec Bank, Umhlanga, with access to major arterial and alternative road
is proud to be the development company spearheading the networks, The Brickworks will offer world-class facilities to a
creation of what is set to be an iconic industrial park,” joint- range of users, with the capacity to store and distribute goods
CEO David Rosmarin says. without them being compromised.

“We believe that this development is also a vote of Rosmarin explains that the fi rst phase of construction
confi dence in the future of KwaZulu-Natal and South Africa. will result in approximately 150,000 square metres of gross
While the property market has been challenged by the lettable area (GLA), worth close to R2 billion. Once all three
pandemic and lockdowns, industrial property, in particular phases have been developed, The Brickworks will measure in
warehousing and logistics facilities, has proven to be excess of 450,000 square metres of GLA at an estimated value
resilient. The growth in e-commerce has driven demand for of R6 billion.
best-in-class logistics offerings,” Rosmarin says.
The reinvigoration of the factory site will bring ongoing and
The development represents one of the largest sustainable economic stimulus to KwaZulu-Natal, and it is also
earthmoving contracts in KwaZulu-Natal currently, moving a victory for the City of eThekwini as it forms part of the city’s
1.7 million cubic metres of earth to create extensive Economic Development Incentive Policy (EDIP), which aids
platforms. The commencement of top structure investment in the city and contributes to job creation. •

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