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Freedom Property Fund kicks off next phase of Steelpoort Industrial Park in South Africa, Limpopo

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Freedom Property Fund recently set in motion the next phase of the Steelpoort Industrial Park. In the previous phase, about 20 000m2 mini, midi and maxi units were developed; leaving 28 000m2 of undeveloped space. The park will have seven industrial units, each standing at 1100m2.

Tyrone Govender

According to Tyrone Govender- the CEO of Freedom Property Fund.  Steelpoort Industrial Park is placed in a convenient area to help deliver goods and services to the surrounding mining sector. Given that the mines in the area are still developing, this will help the park serve them well.

Freedom Property Fund got listed on JSE in June 12 and offers commercial, residential and industrial property assets that amount to US $ 0.15bn. The assets include income yielding properties including a pipeline, which is about US $ 0.28bn of commercial developments. Residential properties for rent and sale properties amount to US $ 0.66bn. Upon completion, the Steelpoort Industrial Park is expected to have a value of about US $ 58.10.

Source:ConstructionReviewOnline

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