We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

One of the last pieces of industrial land available for development in Cape Town could be turned into a new mixed-use site by Spear Reit, the only Western Cape-focused property company listed on the JSE. Spear intends to develop Marine Place, a 51,000m2 project in Paarden Eiland, a prominent sea-facing stretch of historical industrial land that has, over the years, been transformed to include retail, offices and hi-tech industrial properties. Marine Place will consist of 200 residential apartments, 10,000m2 of A-grade office space, 10,000m2 of retail, motor showrooms, and a 12,000m2 limited service hotel. Listed landlords such as Equites Property Fund and Fortress already own industrial properties in the fast-growing node and now other property funds are investing in it. Paarden Eiland’s proximity to the Cape Town CBD makes it a highly attractive shop, live and work location. Many Capetonians who live and work in the CBD have had to look for housing outside of it due to strong resid...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now