Nordic Light properties held this asset for 6 years, obtaining good yields from tenants and selling it on with a respectable return.
Capricorn Park is a Business and Industrial park located near Muizenberg with an increasing demand which lead to an owner occupier presenting a favourable offer above book value, and leading to Nordic to take the decision to dis invest
Nordic Light acquired this well located multi-tenanted building for development purposes.
Paarden Eiland is the leading industrial hub of Cape Town and provides ample development opportunities. An opportunistic redevelopment plan never materialized thus triggering a disposal to another property player with their own plans.
Nordic Light Properties has signed a 12 year lease with The Portuguese Consulate for all of Ground floor (~1.000 sqm). The property is ideally situated on Ernest Oppenheimer Drive in Bruma with easy access to public transport and main highways.
Another important lease signed in the same building is with the Portuguese bank Millenium BCP. We are currently in negotiations with other Portuguese tenants hoping to secure leases for the remaining space on first floor.
Nordic Light acquired these sectional titles to secure an office presence with parking in CBD with an international Blue Chip tenant in place. No longer of strategic interest, due to it being a small asset in our portfolio, the property was disposed with a good return.
MIP Holdings, market leaders of affordable Business/IT solutions to the financial services industry, have signed 800sqm in Nordic Light Park building 2.
Nordic Light Properties are proud to host the dynamic software company, whom together with fellow multi nationals Aspen Pharmaceuticals, Tarsus and R-Data, further increase the value of our excellent tenant mix
Nordic Light Properties welcomes Aspen Pharmacare, a multinational and listed pharmaceutical. Aspen has secured 657sqm from November in the recently refurbished Nordic Light Park, Century City. The business park also welcomes R-Data, an IT company specialising in data optimization for municipalities across the Cape. Their combined leased area totals 1,380sqm.
Nordic Light Properties has signed a 7 year lease with Tarsus Distribution, a leading distributor in IT hardware across Southern Africa. Tarsus occupy a total of 928sqm in the newly refurbished Nordic Light Park in Century City.
In March 2016, Nordic Light Properties embarked on the exciting redevelopment project of our two prominent Century City buildings – 15 & 17 Boundary Road.
With a combined GLA of over 4000sqm, the 7 million rand refurbishment was a first for Nordic Light Properties. An experienced development team beautifully restored and modernized the 2 properties bringing with it a hype of activity already resulting in 5 signed leases which provides a strong base moving forward.
The refurb is nearing completion and is one we as a team are extremely proud of.
Nordic Light has secured the remaining 4 sections in the Karen Street Business Park. Thus owning and controlling all units in the A-grade development. The 4 sections in the third building have a total gross lettable area of 1,200sqm and 50 parking bays. Karen Street Business Park is strategically located in Bryanston, Johannesburg.
Nordic Light acquires a warehouse portfolio comprising of three separate properties with a total GLA of 6,100sqm. The properties are well located in the industrial hubs of Paarden Eiland, Capricorn Park and Diep River. The main tenant, Overberg Food, occupies 2,500sqm on a triple net 10 year lease.
The main tenant is Standard Bank who occupied the building when the refurbishment had been completed. Standard Bank have signed a 5 year lease.
Nordic Light has purchased a 443sqm office in Cape Town Central Business District.
The sale includes a 53sqm storeroom and 12 parking bays.
Ideally located the unit is occupied by Drake International until September 2018.
Nordic Light Properties purchases 2 recently developed office blocks in an exclusive location in Bryanston. The first block is situated in Karen Street with a gross lettable area of approximately 2,500sqm, the second office block is in Brian Street and has an under roof area of approx 1,400sqm, combined GLA 3,900sqm.
