Estimated Project CostZAR 800 Million:
Status: Feasibility Completed
Market release stage
Expected Delivery Model: Long-term Lease Model
Sector: Manufacturing & Commercial Property
Project Background and Scope
The main aim of the project is to contribute to the diversion of the Gauteng economy and strengthen the global competitiveness of the jewellery industry, to use natural resources in an efficient manner, develop human capital, and develop the necessary technology. The design, construction, financing, maintenance and operations of the jewellery manufacturing precinct for app 42 000 m within the Industrial Development Zone of the OR Tambo International Airport.
The campus approach enables the conglomeration of jewellery manufacturing and support operations within close proximity of each other. The development comprises of, amongst others, production facilities -gold and diamond cutting, jewellery factories, office buildings, and other supporting services and infrastructure.
Progress to date
• 85% of the tenant pipeline has been achieved.
• Lease contact has been concluded for 50% of the precinct relating to in2Food.