Investec Property's giant warehouse park in Durban can become a major centre of logistics – News24

Friday, 20 May
18 Feb
Investec Property, a subsidiary of Investec Bank, is redeveloping an old Corobrik site into one of the largest business and logistics parks in KwaZulu-Natal, set to accommodate some R6 billion worth of lettable space – and warehouses the size of around 14 rugby fields.

The 157-hectare site, between Riverhorse Valley and Umhlanga, is on one of the last remaining infill portions of land in the rapidly expanding northern corridor of the greater eThekwini metro. The development is part of the City of eThekwini’s Economic Development Incentive Policy (EDIP), which aids investment and job creation by offering rebates.
Its location means it will have easy access to major arterial and alternative road networks like the N2 and N3, and it will be near the port of Durban and the airport. 
Investec Property says The Brickworks is being positioned to attract large users of warehousing and logistics space, both nationally and internationally. The first phase of construction will result in around 150 000m² of gross lettable area worth close to R2 billion.
Once all three phases have been developed, The Brickworks will have over 450 000m² of gross lettable area valued at around R6 billion.

About 1.7-million cubic meters of earth is currently being moved to accommodate the development. Top structure development is planned to begin in the second half of 2022.  
Investec Property joint-CEO David Rosmarin said the development is a vote of confidence in the future of KZN and SA.
“While the property market has been challenged by the pandemic and lockdowns, industrial property, in particular warehousing and logistics facilities have proven to be resilient. The growth in e-commerce has driven demand for best-in-class logistics offerings. People talk about a centre of logistics gravity – a point which is the most efficient and cost-effective for the distribution of goods. We feel we have that here with the proximity of the port – the busiest in SA – and the surrounding growth nodes,” says Rosmarin.
“We are creating large platforms to accommodate world class warehousing and logistics. Currently we see a lot of demand, driven by e-commerce, for state of the art warehouses. From a design perspective, movement and flexibility around the site is critical as well as the height of warehouses. Lighting is good for 24-hour operations and we place importance on safety and security.”   
Iain Burns, development manager of The Brickworks, says the site’s large platforms will allow for the construction of warehouses of up to 100 000m² under roof. 
“This is our biggest strategic advantage, having access to platforms of these sizes. The market has responded positively and we are in discussions with numerous users and clients,” says Burns. 
“Historically, due to the typography of Durban being uneven, and with sugarcane farmland on the western interior and the ocean on the eastern border, industrial or logistics land has always been in short supply, with demand always exceeding supply. Furthermore, in Durban there is especially a shortage of zoned land strategically located and able to offer large platforms.”
The development also has a focus on green design and the aim is to obtain a green building certificate and provide at least 20% more energy efficiency to tenants.

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