Paarl
Drakenstein Municipality
labour pool has loads to offer when it comes to the start of most supply chains. And once they land here, they need space. Not just office space, but warehousing, logistics hubs and factories. This has resulted in demand for industrial property in Paarl going through the roof. A personal flashback Five years ago, I was marketing industrial space in Paarl. Even back then, demand was fierce. At Spilo Business Park, I watched units being cut up into smaller, less-than-
ideal configurations to satisfy tenant requirements. It wasn’t perfect, but it was better than turning businesses away. The supply was thin (almost non- existent), but the hunger was real. Today, TrueProp has started to execute new leasing strategies and is investing significantly in renovating the property for new tenants, including a phased roof replacement approach.
From farms to factories When looking at what is driving the surge, I would say that it’s a combination of lifestyle migration and corporate relocation. Families moving into Paarl estates often bring more than just their furniture – they bring businesses. Manufacturers, distributors and factory owners are increasingly choosing to relocate their operations to municipalities that offer connectivity, function effectively, and still have room to grow. Drakenstein Municipality with its excellent connectivity to the N1 and N7 arterial routes and skilled
Manufacturers, distributors and factory owners are increasingly choosing to relocate their operations to municipalities that offer connectivity, function effectively, and still have room to grow.
Manufacturing Industries
October 2025 | Issue 141 | Asset Magazine 263
262 Asset Magazine | Issue 141 | October 2025
Made with FlippingBook Ebook Creator