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Aerotropolis plan boosts Kempton Park property

Companies are moving head offices to Kempton Park to take advantage of the Ekurhuleni metro's plan to develop a world-class aerotropolis around the OR Tambo International airport.
 
The metro plans to finalise its 30-year aerotropolis master plan this month (May 2013), having adopted the concept as part of its Growth and Development Strategy 2055 last year. However, says Mario Grobler, owner of the Harcourts OR Tambo estate agency in Kempton Park, pro-active developers, businessmen and large companies are already targeting real estate around the airport.
 
New demand for office space in Kempton Park has seen development of office parks as well as other commercial development taking off again after a hiatus caused by the recession, he says.
 
"In contrast to the worldwide trend towards high prices for property in areas surrounding large airports, prices in Kempton Park are very reasonable. Other contributing factors to the renewed interest in local commercial property are the excellent central position relative to other commercial hubs such as Centurion and Sandton and easy access to the two main highways. Further development is likely to be concentrated next to the R21 towards Centurion.”
 
And as a consequence of businesses relocating to Kempton Park, Grobler says, increased demand for residential property is also becoming more evident. “Members of the upcoming middle class with secure jobs at such companies, as well as in government departments and parastatals, are now targeting family homes in the R800 000 and R1m price range in areas such as Birchleigh, Kempton Park extensions 3 and 4, and Norkem Park.”
 
Other the new buyers, he says, are upgrading from rental properties thanks to steady jobs with remuneration packages that allow them to qualify for home loans.
 
"These suburbs now offer excellent value. Homes in this price range are usually basic family homes and compare very well to homes in other popular areas such as the slightly more upmarket Glen Marais and Van Riebeeck Park, where similar properties cost up to 50% more."


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