Century Property Developments is setting the bar high with its new development … Riversands Outlet Park. We’re talking a whopping 50,000 square metres of letting space under roof!
Century Property Developments is making waves in Riversands with the final phase of Riversands Outlet Park
It is a well-known fact that Riversands has been bubbling under the surface for some time now. Development of the surrounding areas has been welcomed by the market, and constant and consistent upgrades to roads and services continue to add credence to this becoming a commanding business district, as well as a sought-after neighbourhood to live in.
Some years ago, Century Property Developments took a long-term view of the area, formulating a plan over time that would provide the market with exactly what it needed at the right time … a district that is already redefining commercial parks in Southern Africa.
Developed to be a secure complex, Riversands offers a variety of commercial precincts, allowing for light industrial spaces, warehousing, storage, showrooms, retail centres, commercial office space, schools, and outdoor recreational spaces, as well as residential lifestyle apartments – all spanning over 237,406 hectares.
Riversands attracted the attention of retail giant Makro, who in 2017 opened their incredible Riversands branch. Massmart soon joined in, and in 2020 opened an impressive 75,000m² Distribution Centre. The Riversands Incubation Hub continues its quest in the development of the local entrepreneurial community with incredible results which remains a critical strategic imperative of the plans for this area – to uplift the local communities while providing world-leading property solutions to the market.
Riversands Outlet Park consists of several showrooms coupled with warehousing – and what a statement Century Property Developments is making. Premium offices, showrooms, warehouses and light industrial spaces were made available from mid-2019 to clients looking to make an iconic brand statement and find the ideal home for their business. Phase One is almost completely – tenanted at an impressive 95 per cent occupancy rate, with a massive demand for the next (and final phase) to be released. Phase Two is currently under construction, with several leases already in the pipeline.
Riversands Outlet Park serves as the architectural benchmark for the area, and the bar is not being set low. These premises tick all the boxes in terms of accessibility, visibility, technology and security! Tenants were able to choose from completed spec offices as well as customise their own tenant installation to suit their specific needs.
Once complete, Riversands Outlet Park will have in excess of 50,000m² of lettable space under roof. Designed to bridge the gap between light industrial and showroom spaces, Riversands Outlet Park offers it all. Units provide tenants with the perfect mix of warehousing, manufacturing, showroom and office space – it all depends on the tenant’s needs. The 48 units in phase 2 range from 160m² right up to 4,300m². These units are leased at R72.50 per square meter, with flexible short-term leases also available.
Being a brand-new development, Riversands Outlet Park gave Century Property Developments the opportunity to design and plan this business park with a strong focus on creating a state-of-the-art facility in all respects of the phrase. From the best in security services and technologies, to green building technologies and energy saving process, it’s set to lead the way in defining a new-age business park. In addition to making use of green business technologies, Riversands is situated in an Eskom power supply area. This means that electricity is vastly cheaper than in other municipal areas, drastically reducing the operating costs of the business operating within it.
Century Property Developments welcomes an opportunity to discuss your business premises and its requirements. The team will assist you in securing property that not only supports your business, but also adds value to it!
Details: Jessica on 066-477-8955, email [email protected] or visit century.co.za
