Growthpoint has renewed four property leases with Scania located in established industrial areas across Gauteng.
Scania is a global company which offers sales of trucks, buses and services in more than one hundred countries.
Two of the leases were renewed for seven-year periods. One being the 12 650 square meter headquarters of Scania (in South Africa) and the second being the 2 950 square meter facility in Rosslyn, Pretoria. The leases renewed for five-years include Scania’s 4 380 square meter Alrode facility and its 3 740 square meter Elandsfontein facility, both located on the East Rand.
All four buildings were built for Scania and designed around it’s business and services to accommodate the large, heavy vehicles and engines.
The Aeroton headquarters includes space for Scania’s offices, warehouses for assembly, storage and distribution. The remaining three facilities offer Scania truck sales and services.
The lease extensions will enable Scania to achieve both cost efficiencies and key risk compliances for the business.
Growthpoint invested R9 mllion in upgrading the facilities, with a focus on its in-country headquarters, as part of the lease renewal transactions. The Aeroton head office was renovated with a fresh, modern new fade and the building received a new fire tank and sprinkler system upgrade.
Both the Aeroton and Rosslyn buildings were the subjects of upgrades to their yards and external paving, vital for the heavy vehicles.
“We are thrilled to extend our relationship with Scania and look forward to continuing our long and positive association with this respected international business. We are pleased to continue to provide Scania with premises that support its business goals and performance and ensure that it enjoys the best position for the future” commented Errol Taylor, Head of Asset Management: Industrial at Growthpoint.