The rise of eCommerce is resulting in shifting patterns of land use. In particular, there is an increased demand for light warehousing which Rand Airport’s new development is ideally suited to provide. The shift in consumer and buying behaviour is driving the transformation of land usage in South Africa and the world and directly affects the patterns of property development. More warehousing and distribution space are required by retailers and suppliers. As a result, even some of the oldest players in industry are recognising the need to transform their approach.
Rand Airport, which has been in operation since 1931, recently partnered with Aerospace Developments and the Currie Group (founded in 1887), to develop the land surrounding the airport. The aim is to unlock the value of the 140 hectares of land on offer, whilst still allowing all aviation activities to continue uninterrupted. Rand Airport commercial precinct will soon be positioned to accommodate logistics and distribution facilities with airside access as well as light manufacturing, commercial office and showroom facilities.
Aerospace Developments and Currie Group have launched Phase One of the development to be known as Airport Park Extension 7. “With the global focus on eCommerce, the need for reliable, large-scale warehousing, logistics and distribution facilities is set to increase”, confirms Richard Currie, CEO of the Currie Group.
The rise of eCommerce is encouraging companies to consolidate their logistics and distribution facilities. “A recent example is the Pepkor transaction with Equities Property Fund to develop a 122 734 ㎡ warehouse in Kwa-Zulu Natal” adds Currie. “Locally the Ekurhuleni region offers the perfect location for developments of this size, comprising of big areas of flat land that can easily accommodate massive distribution facilities.”