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Amazon investment a confidence boost

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Amazon investment a confidence boost

The River Club development will be anchored by Amazon taking up an estimated 150 000m2 of Gross Building Area.  The initial Investment is circa R4Bn with in excess of 5000 construction jobs being created over a 5 year build cycle.  This should trigger an inflow of allied industries seeking to rub shoulders and do business with one of the worlds largest companies. The implication for commericial property being taken up in this emerging node is very positive, and close in distribution hubs/centres should also benefit.  Cap rates should improve over the medium term.  An hotel and residential property is in the mix, creating a commericial hive.

Amazon is not just a behemoth of an online retail business, it has a strong technology focus and will bring the middle and back end of its business model to Cape Town via its new campus.  This may also create demand for technology skills, call centres and the like.

Author brent townes
Published 21 Apr 2021 / Views -

Epping Industrial, Western Cape

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394m2 Office Space in Black River Park
NEW
32 Photos Mapped
R172 per m²

394m² Office To Let in Observatory

1 Black River Park, 7 Fir Street
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This contemporary space is located in the newly developed Black River office park. The space features a large open...
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