Property development and marketing company, Abacus DIVISIONS, has announced that has sold all the stands –totaling more than 123 000 square metres -at its recently launched Rietvlei Industrial Estate.
Said Org Geldenhuys, managing director of Abacus DIVISIONS: “It has been an absolutely phenomenal start to the New Year-and this just shows how popular industrial stands are right now. The industrial market is pushing growth in the commercial property market.
“But to sell 30 stands, in just a few weeks, signals that perhaps we are coming out of the property doldrums – and points to the fact that the greater Irene area is a highly popular one with developers,” said Geldenhuys.
He said the company even has a waiting list of interested buyers, in case some buyers “opted out for various reasons”.