Land Sold By Assetpoint

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Stonewood Light Industrial development in Uitzicht. Land sold by Assetpoint in 2021.

The transaction was concluded within one week. This development has proved to be very successful with many buyers and tenants wanting a workspace within minutes from their homes. Surrounded by various new estates and residential developments, schools and shopping centres. Industrial and commercial nodes like these will be the norm in the future providing communities with good infrastructure and little travel time to and from places of work and leisure.

The area situated along Okavango is currently being developed and is one of the best new developments in Cape Town. Stadio, the JSE-listed investment holding company that focuses on investments in higher education institutions, will commence construction in 2022 as they plan to develop a new campus at Phesantekraal in Durbanville after finalising a transaction for a site of 7.8 hectares.

Assetpoint Real Estate believes this area to be a growth node as the area is attracting new businesses and investment from various developers.