Leading property investor and developer Atterbury has been chosen to develop a new distribution facility and Pickup Point for Takealot, South Africa’s largest online retailer, in Richmond Park, Milnerton, Cape Town.
The new Takealot facility at Richmond Park will initially be 6,700m² and include two expansion opportunities with the potential to reach approximately 17,000m², providing Takealot with the flexibility to expand in line with its growth. The development will break ground in July 2021 and be ready for Takealot to begin operating in March 2022.
Takealot will join the growing line-up of leading names operating from the popular 84ha Richmond Park development, situated on the N7, including Aramex, Cape Fruit Coolers, CTM, Mustek, Scoop, ACDC Dynamics, Corex, Sequence Logistics and Richmond Corner’s convenience centre.
“We are thrilled to welcome Takealot to Richmond Park where it can extend its footprint in the Western Cape, provide easy access to customers in the area, and continue its remarkable growth story. This blue-chip tenant is an excellent fit for the development. Takealot will complement and enhance the mix of businesses in the southern precinct of Richmond Park, which is focused on retail and distribution,” says Mia Kitshoff, Atterbury Leasing Manager: Commercial and Industrial, Western Cape.
Among the numerous strategic and operational benefits Richmond Park offers Takealot is the convenience of its location as a Pickup Point for customers and its proximity to smaller couriers. Takealot’s bulk orders in the region will continue to be fulfilled from its large logistics centre in Montague Park. Richmond Park provides exceptional transport accessibility, with extensive road upgrades resulting in access from both the N1 and N7 highways. A unique aspect of the new Takealot facility is its dual entry and exit ways, one of which is dedicated to customer collection.
“Takealot is a great addition to Richmond Park and represents a key milestone in the development’s roll-out. Once finished, one-third of the park’s developable bulk will also have been completed,” says Neil Redelinghuys of Old Mutual Property, Richmond Park’s major shareholder.
Richmond Park has also become a daily destination for many people who live and commute in the area. Richmond Corner shopping centre opened in July 2020, introducing 6,500m2 of sought-after convenience retail to the park. The fully-let centre has a selection of 22 stores, anchored by Pick n Pay, Woolworths Food, and Clicks, with a variety of convenience stores and takeaway options.
Atterbury, which is rolling out the multibillion Rand Richmond Park development on behalf of the various shareholders, has delivered excellent tailor-made development solutions including property development, investment and asset management in South Africa and internationally for 27 years.