FORTRESS Logistics has announced the completion of its second development in the Cornubia Ridge Logistics Park at heart of Durban’s growing northern node.
“Fortress’s current R675 million capital commitment as part of our pipeline of a million square metres of warehousing speaks to the confidence that we have in the country’s growing logistics real estate sector,” says Jason Cooper, Head of Developments at Fortress REIT, which describes itself as the country’s largest developer of logistics real estate.
“We have some of the largest logistics parks in the most sought-after precincts in South Africa,” he said, adding that 23,000m² of A-grade logistics space is now available for rental which can be sub-divided.
Situated next to the new Makro in Umhlanga, the offramp at the Gateway interchange provides for easy access to the N2. Travel time is 25 minutes from the Port of Durban, 16 minutes from the Dube Trade Port and the airport, and approximately 24 minutes from Pinetown and New Germany.
The development boasts a safe and secure indigenous park environment as well as many of the latest in high-end logistics attributes. In a break with standard industrial design, specific features include 15 metres to the eaves for increased racking space.
Cooper said that when considering logistics assets, tenants should look beyond square metre space. “The ability to rack higher has profound implications for the utility and value of space which offers tenants better value.” He said optimal column spacing achieved by maximising roof span is a critical aspect of warehousing space.
“In a power-challenged age, the use of natural light reduces power consumption. At the same time, weight-bearing roof trussing allows easy installation of solar panels for efficient green power. Yard space and easy off-loading designed for the reticulation of super-link trucks is a key feature of the development.”
He said another differentiator was Cornubia’s fire management system which is supported by independently powered water tanks.
“This new generation logistics park in Umhlanga will be sought after by tenants given the location and accessibility within this high growth node.”