Rivergate offers mixed use commercial, industrial, institutional, and residential and related land uses. Completed during October 2013, the Sandown Road link now provides the vital link between the R27 (the West Coast Road) and the N7 (National Road), providing excellent road access to Cape Town’s newest development opportunity. Read more
R 167 MILLION VACANT INDUSTRIAL LAND SALES WITHIN 12 MONTHS
Launched in November 2013, Cape Town’s exciting new industrial area, has certainly hit the Western Cape’s industrial market by storm! The Rivergate development, by land owners Milnerton Estates and the Aska Property Group, was put to the market when the Sandown Road link was opened. This road link connects the R27 West Coast Road to the N7 freeway. The picture below shows the roads being installed in the first phase of the business park (bottom right hand side) and the Sandown Road link extending in the direction of Table Bay. The Sandown Road / M12 link has created the “northern gateway” into the Parklands and Sunningdale developments as well as the recently announced suburb by Milnerton Estates –“Sandown”. Sandown Road has been designed to be duelled in the future so as to accommodate the proposed northern loop of Cape Town’s “MyCITI” integrated rapid transport bus system. This road link unlocks prime retail and commercial opportunities that flank either side of this east-west corridor. Read more
Dave Macleod-Elliott, Sales Director of Aska Property Group, reports that since the launch of the new Rivergate Industrial area, situated adjacent to one of the fastest growth points in the Western Cape; a total of 44 industrial properties have been sold within 8 months of being put to the market, equating to a land sales value in excess of R140m. The Rivergate development is yet another successful development to be launched by the Joint Venture partnership, comprising the land owners, Milnerton Estates Ltd. and the Aska Property Group (Pty) Ltd. Read more.
Since the release of Rivergate, during October 2013, a total of 43 mixed-use light industrial sites have been sold, amounting to a sales value in excess of R 136 Million. Read More
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