Jenny Retief, CEO of Riversands Incubation Hub
It’s gratifying to watch the transformation of empty veld into Riversands Commercial Park. This development will mean greater economic activity on the doorstep of Riversands Incubation Hub as well as new earning opportunities for local residents.
Riversands Incubation Hub was envisioned to be a space for SMEs within a broader commercial development. This would connect the Hub to markets and a whole range of business opportunities. Being at the heart of the Riversands Commercial Park allows these entrepreneurs to attract customers from greater Johannesburg as well as provide employment and interaction with Diepsloot.
The concept behind Riversands Commercial Park
Strategically situated past Fourways, adjacent to Steyn City, Gauteng on the R511 corridor; with transport arteries North, East, South and West, lies Riversands Commercial Park. The brainchild of Century Property Developments, this development is already redefining commercial parks in Southern Africa.
Developed to be a secure complex, the park will offer a variety of precincts allowing for light industrial spaces, warehousing, storage, showrooms, retail centres, commercial office space, schools, outdoor recreational spaces, as well as residential lifestyle apartments, all spanning over 240 hectares.
The Parks is a large residential estate with 1 880 units at an affordable price point. The Parks will offer all the lifestyle benefits that are synonymous with a Century development – top security, wifi, fitness bootcamps, art classes and ample recreation benefits.
Riversands Outlet Park, with more than 50 000m² of lettable space, will offer office, showroom, warehouse and light industrial spaces. These premises tick all the boxes in terms of terms of accessibility, visibility, technology and security. First occupation will take place in September 2019.
Economic benefit for the area
Century is currently negotiating with two potential tenants, amongst numerous other tenants; just these two tenants alone will generate approximately 1 000 jobs for the area.
In support of entrepreneurial development, Century will offer hub graduates a 50% saving on rent in this new park, with the discount being valid for three years. This special offer offers high-grade premises at a fraction of what would be available on the open market.
A key factor for the success of the broader park is accessibility. Once fully developed, the entire commercial park will have both cycle paths and walking paths to provide access to ensure pedestrian and cycle access to Diepsloot residents. Walking paths have also been included in the William Nicol upgrade – this will greatly reduce transport costs for Diepsloot residents.
The road ahead
These are exciting times for Riversands Incubation Hub. Firstly, the leadership team is focused on supporting SMEs to benefit from the business opportunities from the build out and other potential ongoing contracts once the development is completed. While we cannot guarantee contracts, we will walk the road with SMEs.
Secondly, we are considering how to best integrate the Hub’s activities and services with our new business and residential neighbours. We are located in a prime position within a premium commercial park – we intend to make the most of it.