Denel Industrial Properties a division of the Denel Group proudly owns and manages 11 sites in the Gauteng, North West and Cape Provinces. The property values of Denel are in excess of R1billion with income sales of over R240m. The primary objective of Denel Industrial Properties is to maximize financial return and unlock the potential of the properties through market rentals and development. The Properties Division also supports the core business objectives of Denel through the provision of world class facility management and support services.
The Irene national key point site based north of Gauteng has a land area of 53 hectares with 26000 sqm of office space and over 30 000sqm of workshop, light industrial engineering space.
The Denel Head Office, Dynamics, Cassidian Optronics as well as 5 other manufacturing, electronics and commercial type tenants are housed on the highly accessible and modern site. Plans are in place to develop the Irene site into a high technology industrial park, housing prestige tenants and international tenants. World class facilities and facility management services including canteen, conferencing and leisure services will be provided for their prestigious clients. 13 hectares of land is suitable for development with and additional 108 000sqm of development space already identified which excludes the current 100 000sqm of space already occupied.
The Kempton Park national key point site based in Gauteng adjacent to the OR Tambo International Airport has recently been sold and leased back from Airport Company SA. The site consists of a total land area of over 240 hectares with the building area of the premises being in excess of 290 000sqm. Tenants occupying hangar, workshop, storage and office space are Denel SAAB Aerostructures, Denel Aviation, Turbomeca Africa, Denel Centre for Learning and Development, the Italian CMC as well as numerous other companies that perform engineering, light industrial, aircraft repair and overhaul functions. Of the 200 hectares, only 34 hectares will remain with Denel after 2012, thus a short term development potential in the in the approximately 130 hectares of vacant land.
Rheinmetall Denel Munitions currently leases the 3 Cape Sites namely Somerset West, Wellington and Philippi as well as a Gauteng site LaForge and the Naschem site in Potchefstroom. The LaForge site measuring over 2 hectares, Naschem site measuring over 1300 hectares, Wellington site measuring over 3100 hectares as well as the Somerset West site which has a land area of over 476 hectares is primarily utilized for noxious and industrial manufacturing thus has a number of office, workshops, storerooms, magazines, factories and production buildings. These sites are however highly vacant with huge development potential for industrial or commercial tenants.
The Sites based in Lyttelton, Church Street and Pretoria West houses tenants such as Denel Land Systems, the SANDF and Denel Munitions. These sites are utilized mostly for office, laboratory, warehouse and storage space for tenants that require workshop and production areas for the maintenance of manufacture of high tech defense machinery and light munitions.
For more information on Denel Industrial Properties, please contact +27 (0) 12 671 2798 or visit www.denelproperties.co.za.