Fortress Income Fund has officially launched the Louwlardia Logistics Park. The R650 million A Grade logistics facility, under development alongside the N1 in Centurion, is part of the 1 million sqm of warehousing that is due to be developed by the Fund over the next five years.
Louwlardia, which will see approximately 90 000 sqm of warehousing developed on the 16,7 hectare site, is expected to be completed within the next 24 months. The first phase, which comprises a 21 785 sqm warehouse with 1 843 sqm offices, is complete and ready for occupancy. It has already drawn a great deal of interest from prospective blue chip tenants, according to the company.
Architectural rendering of the completed Louwlardia Logistics Park
The newly launched warehouse at Louwlardia has a height of 13,5m to the underside of the eaves which offers efficiencies of scale and an FM2 floor which provides a solid platform for the erection of racking and easy movement of mechanised machinery with a 38m yard. It also provides a secure park environment with 24 hour security, a central gate and electric fence as well as a fire system with central pumps and tanks that will serve the entire park.
The key draw card is Louwlardia’s prime location with excellent highway visibility and accessibility to road, rail and domestic and international air freight hubs, according to Andrew Teixeira, Executive Director of Fortress Income Fund.
“It is well situated, adjacent to the N1 highway between Johannesburg and Pretoria with access from the N1 via Brakfontein and Nellmapius Roads. It is also well connected to two major alternative routes (the R21 and N14) and provides easy access to the OR Tambo and Lanseria Airports as well as major centres. In addition, the N1 frontage is a prime location with excellent highway visibility for signage and branding,” he says.
“In a tough economy where cost containment and efficiency are king, we are actually providing A grade logistics at a lower cost. With properties that offer high tech design that includes the likes of solar and natural light to reduce power consumption, strategic locations that make for more efficient distribution and properties that provide easy access and better turnaround times, we are effectively lowering the cost per pallet,” Teixeira says.
National leasing manager, Grant Lewington, adds that Louwlardia is one of the Grade A logistics facilities that the Fund is developing in Gauteng, Cape Town and Durban. “We are continuing to strengthen our position as the preferred developer of logistics warehouses by delivering a technically superior product that, together with our strategically located land, ensures a sustainable development pipeline,” he says.
“All of our parks are developed according to global best practice and to the highest standards. They include the provision of adequate internal height, flat floors, large loading areas with hard wearing concrete surfaces as well as good access to freeways and arterial routes.”