Commercial News

Construction underway on Atterbury and Old Mutual’s R800 million Old Mint Park

By Staff Reporter

Commercial property heavyweights Atterbury and Old Mutual Properties have commenced construction on the new R800 million Old Mint Park industrial development in Midrand, near the landmark South African Mint and fronting the N1 highway.

Construction began in December and is now well underway on the high-tech 65,000sqm industrial park, which is a joint-venture between Atterbury and Old Mutual. The park gets its name not from the fact that its neighbour is the South African Mint, but interestingly enough the name is a combination of the fact that Old Mutual owned the land and in the 1970’s a peppermint factory was proposed for the site.

The first building under construction at Old Mint Park is a business unit development offering premises ranging from 500sqm to 2,500sqm in a single 10,000sqm building. Concurrently constructed with this is a second building of 4,500sqm of warehouse and office space.

Atterbury development manager, Derrick Pautz, said that earthworks for the prime industrial development commenced in December 2017 and business units are expected to be complete and available for occupation by the end of this year.

“Old Mint Park has been well received by the market. Fortuna Food has already signed the first lease at the business park for a 2,000sqm unit. They will begin trading from their new facility from October 2018,” said Pautz.

“One of the development’s biggest drawcards is its location. It is positioned centrally between Johannesburg and Pretoria, where Midrand meets Centurion. It enjoys excellent frontage on the busiest stretch of highway in Southern Africa and is conveniently situated between the N1 – Brakfontein interchange, Old Johannesburg and Pretoria Main roads, and the Samrand on- and off-ramps,” Atterbury said in a statement.

“The site of Old Mint Park enjoys easy access from Old Johannesburg Road (K101). Importantly, the upgrade of the K101 into a four-lane dual carriageway is due to start later this year. It is from this wider arterial that Old Mint Park will have its own dedicated access road.”

Old Mint Park is also located directly opposite the future Samrand Gautrain Station and adjacent to the future K220 Road, which is incorporated into its master plan. The park is already well served by public transport, including busses and taxis.

Pautz said: “Old Mint Park’s prime position, in a major established and growing business node central to the Gauteng business hub, makes it a great asset for business. It benefits from excellent connections to major transport routes, sweeping highway visibility and convenient surrounding residential, education and healthcare facilities.”

He said the park would have full perimeter fencing and feature 24/7 state-of-the-art security, with the latest in CCTV and access control at its dedicated gatehouse and intruder-detection systems on the boundary. It will also offer high-speed fibre access to all tenants.

Old Mint Park is one of several new commercial property developments Atterbury and Old Mutual have partnered on, with more project no doubt in the pipeline.