WATERFALL GAUTENG (SOUTH AFRICA) – Attacq welcomes BMW Group South Africa to Waterfall, where a new Regional Distribution Facility (RDC) will be developed by Attacq for the luxury German vehicle maker in Waterfall Distribution Campus.
Waterfall is a mixed-use development situated along the N1 between Pretoria and Midrand with diverse tenant and business opportunities to facilitate 1,300,000m² of commercial, retail and light industrial use. Sound urbanism principals as well as environmental sustainability is a priority in the planning and implementation of this integrated lifestyle city.
Construction on the 32,000m² BMW Group South Africa RDC facility will start in March 2017. Distribution from the purpose-built facility is expected to start by mid-2018, for an initial 10-year lease period.
The location of the RDC 7km from the BMW Group South Africa headquarters in Midrand, provides a strategic advantage in servicing the region – within a 5km radius from the main regional arterial routes (the N1, M1 and N3 highways) and 32km from OR Tambo International Airport.
“Attacq is delighted to welcome a leading international brand like BMW Group to Waterfall.” says Attacq Chief Executive Officer Morné Wilken.
“Improved warehousing and distribution is a key success factor, as we keep upping our game in customer service delivery,” comments Tim Abbott, CEO BMW Group South Africa and Sub-Saharan Africa. “Space limitations restricts the expansion of the warehouse in our current location in Midrand. By moving the warehouse to a larger site, we also free up space on our campus to create state-of-the-art power hub,” he adds.
“Waterfall is Gauteng’s new lifestyle city, offering world-class business and accessible distribution facilities. Waterfall is one of South Africa’s largest mixed use developments, which is attracting top international companies such as BMW Group.” explains Pete Mackenzie, head of development at Attacq.
More about Attacq:
- Attacq is a leading capital growth fund in the real estate sector founded in 2005 and which acquired the Waterfall development rights in 2008. Attacq listed on the Johannesburg Stock Exchange in 2013.
- Attacq has consistently delivered growth in capital to its investors through its strategic property holdings and developments.
- Attacq has a total asset value of more than R27.1billion and a market capitalisation of more than R13billion (as at 31 December 2016).
- Attacq has a diverse investment portfolio that includes landmark commercial and retail property investments and developments. Waterfall is the jewel in the African crown. Attacq also benefits from ongoing diversification into developed markets and this has stood the company in very good stead to date.
- Mall of Africa (80% Attacq-owned) opened in April 2016, as the largest first phase mall development on the continent and a benchmark retail destination located in Waterfall City.
More about BMW Group South Africa:
- BMW Group manufactures, retails and finances premium individual mobility solutions to the highest standards of aesthetics, dynamism, technology and quality.
- The company leads the way in innovation, sustainability and efficiency in all aspects of the business, delivering luxury BMW, MINI and Rolls-Royce automobiles and BMW motorcycles around the globe.
- Founded in Germany in 1916, the company chose to establish its first production facility outside of Germany, in South Africa at Plant Rosslyn near Pretoria in 1973.
- As a global company, the BMW Group operates 31 production and assembly facilities in 14 countries and has a global sales network in more than 140 countries.
- In 2016, the BMW Group sold approximately 2.367 million cars and nearly 145,000 motorcycles worldwide. As of December 2015, the BMW Group had a workforce of 122,244 employees.
- BMW Group continues to invest in South Africa, a commitment to the upliftment of the country and its people spanning 44 years.
- In November 2015, BMW Group announced R6bn investment into its Rosslyn Plant, to produce the next generation BMW X3 in future.
- In March 2017, BMW Group announced R400m investment into a new Regional Development Centre and the expansion of its Midrand Campus.