Rand Airport, located in Germiston, East of Johannesburg, is one of the oldest airports in South Africa having been originally built in the 1920s when it served as Johannesburg’s main airport until 1948. In October 2000, the airport was privatized and today it remains an important aviation facility to the private sector.
In 2015, Rand Airport decided to investigate the possibility of unlocking value in its sizeable land holdings. A Joint venture led by the Currie Group was formalized in July 2015 and significant progress has been made in the urban planning and provision of infrastructure over the last 5 years.
Currie Group is a shareholder, as well as, the development managers of Aerospace Developers (Pty) Ltd, which is the joint venture partner to Rand Airport Holdings in the development of Rand Airport Commercial Park.
Aerospace Developers and Rand Airport Holdings have implemented the first phase of township development at Rand Airport with the establishment of Airport Park Ext 7 comprising 31.78 hectares, known as the Spitfire Precinct. Improvon Group has recently acquired a 25 Ha development site in Airport Park Ext 7, development is anticipated to start in the first quarter of 2021.
The entire Rand Airport Precinct will be developed in phases over an area in excess of 150 Ha. The development will be made up predominantly of logistic, distribution, and light manufacturing facilities, with a residential component of approximately 1000 apartments and a shopping centre of up to 10 000sqm.
Rand Airport Commercial Precinct is ideally situated at the southeastern gateway to Gauteng. Its location and extensive road network which includes easy access onto the N3, N1, N17, and M2 freeways make the location ideal for the logistics and distribution sector. Rand Airport Commercial Precinct is also closely aligned to the recently developed Raceway Industrial Park, Gosforth Business Park, Simmer, and Jack Industrial Estate as well as the more established industrial nodes of Wadeville and Alrode, thus being located in one of Gauteng’s most important business nodes.
All land at Rand Airport Commercial Precinct will be made available on long-term renewable leasehold titles, making it very attractive from a cash flow perspective to developers and end-users alike.
For all your land and top structure development enquiries please contact Richard Currie on 0846444111 or firstname.lastname@example.org