Basil Read sells R15mil property to Chinese investor

Basil Read Developments‚ the property development arm of JSE-listed construction group Basil Read (BSR)‚ has concluded another major sale at its Klipriver Business Park for R15m to Chinese investor‚ New Hope South Africa (Pty) Limited.

The R390 million Klipriver Business Park is located on the farm Waterval and comprises a gross land size of 143ha and development land size of 118.9ha with 96 saleable erven which will be developed in four phases.

The Klipriver Business Park covers the entire R59/R550 interchange and is accessible to all major road and rail networks. It is considered to be the new major growth node of Gauteng.

Bordering on the business node are Heineken‚ BSI Steel‚ Crystal Pack‚ Kwikspace‚ Nampak and Everite.

The Klipriver Business Park has good access to all the major southern suburbs of Johannesburg including Meyerton‚ Vanderbijlpark and Eye of Africa.

New Hope South Africa is a manufacturer of agricultural foods. Their investment in Klipriver Business Park makes it their first branch in SA.

Competitively priced housing opportunities for employees will soon be available nearby at a large scale planned development called Savanna City of which Basil Read Developments and Old Mutual are 50/50 partners for the development.