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Construction of the R3,5bn Clairwood Logistics Park will begin within the first quarter of 2016

Posted on Monday, 08th Feb 2016

KwaZulu-Natal’s MEC of Economic Development, Tourism and Environmental Affairs, Mr Michael Mabuyakhulu, yesterday gave the project the go ahead after his department found that the amended Environmental Impact Report (EIR) received from the Capital Property Fund in September 2014 complied with stringent regulations and adequately addressed concerns raised during an appeal. (Capital Properties has since merged with JSE listed Fortress Income Fund which will now develop the project).

It found that public participation process followed in the EIA process was more than compliant with EIA regulations and it outlined stringent parameters for development in response to objections raised. As a result, appeals lodged in response to the environmental authorisation granted in May 2015 were dismissed and the original decision was upheld. 

The Clairwood Logistics Park will be located on the site of the former Clairwood Race Course which was purchased by the then Capital Property Fund in 2012 for R430 million. Fortress Income Fund intends developing approximately 350 000 square metres of warehousing with the remainder becoming paved yards to service the facilities.

The development will also include an eight hectare wetland which will be fully rehabilitated.

The EA (environmental authorisation) released by the provincial government yesterday has reduced the area for development of the site and has spelt out how Fortress Income Fund must proceed with both construction and rehabilitation of the site in order to create a sustainable wetland area and incorporate indigenous fauna and flora.

 “The Clairwood Logistics Park will not only meet growing demand for A grade logistics and distribution facilities in the south of Durban, but also improve the livelihoods of surrounding communities through job creation,” said Mr Nico Prinsloo the Fortress Income Fund’s Development Manager.

 

SOURCE AND FULL ARTICLE HERE: (SA CONSTRUCTION NEWS)

Posted in Construction News

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