New Development Proposal
For Freight Station
South Africa (Pty) Ltd
PROPOSED NEW WAREHOUSE AND OFFICES FOR FREIGHT STATION SOUTH AFRICA
(PTY) LTD ON POCKET 5A, CLAIRWOOD LOGISTICS PARK
DATE 08 April 2021
CLIENT Freight Station
OUR REFERENCE Let-002
Thank you for the opportunity to re-submit this proposal.
The intention of this proposal is to provide a warehouse and associated offices for the effective storage
and distribution of goods. Provision has also been made for the storage and movement of containers
which have been designed on a dedicated portion of the yard.
The figures quoted are for the facility as based on the high-level specifications and requirements received
from the client. Changes made to the specifications will impact the proposal.
The site selected allows free movement and parking of articulated vehicles with cognizance given to
staging, stacking and security.
WHO WE ARE
Fortress, an internally asset managed Real Estate Investment (“REIT”) is a hybrid fund, investing in direct
properties and other listed real estate companies. We are the third-largest REIT in South Africa.
Fortress invests in a diversified portfolio across logistics, retail, industrial and office sectors in South Africa. We have
European exposure to high-growth economies in Central and Eastern European market through our investment in
NEPI Rockcastle plc.
TABLE OF CONTENTS
1 INTRODUCTION TO PARK
2 PROPOSED POSITION
3 BUILDING SPECIFICATIONS
4 COMMERCIAL TERMS
5 CONSTRUCTION TIMELINE
6 BUILDING PLANS
7 EXCLUSIONS & VALIDITY
CLAIRWOOD LOGISTICS PARK
Clairwood Logistics Park is easily accessible from the M4 and the N2 and is situated within all 3 transport
zones from the Durban Port. The Park is fully landscaped and is within a 24-hour gated secure
environment with wide internal access roads. The Park, which was the former Clairwood racecourse, is
built on the last remaining portion of prime industrial land in Durban’s South Basin.
The proposed facility will be positioned on Pocket 5A of the Park with excellent visibility onto the M4
GLA:14,746 m² 40m Yard Depth 13,5m Eaves FM 2 Floor
Height 12 Ton Pointload
The Warehouse is 14 026m² including Ground Floor Pilot Office
The warehouse eaves height will be 13,5,0m and will be built on-grade. The warehouse
floor will be a 200mm, 30MPS concrete floor which can carry a 12-ton point load on a
rack foot 200x160mm. There will be 12 roller shutter doors with 5m wide canopies
DETAILS over the doors. There will also be an additional 15m canopy extending into the Yard
The admin office is 363m² (54m² ground floor reception and 309m² first floor offices)
The tenant will be granted an allowance of R2,500 per m² of office area to facilitate the
OFFICE installation of carpets, ceilings, view panels, plug points, air-conditioning, and dry
The Warehouse offices, ablutions and canteen are 342m² at mezzanine
level. The warehouse offices will include dry walling, view panels and carpets.
The hardstand will be 180mm, thick, 30mPA concrete and the car park area
will include paving. The guardhouse will be 15m² and the refuse area will be
EXTERNAL big enough for 2 skip bins. A portion of the yard, 5 000m² will be designed to
WORKS accommodate the storage and movement of containers.
Roof sprinklers to the underside of the roof will be provided and the design density will
be 12.5mm. In rack sprinklers will be provided by the tenant.
The lighting to the offices will be 400lux, and 200lux to the warehouse
without any racking included.
ELECTRICAL There will be 1 distribution board to the offices and 1 to the warehouse.
RETICULATION AND There will be no standby generator included.
Data cabling and voice; Furniture; Standby generator and compressors;
Toilet accessories; Built-in Canteen equipment, furniture,
cupboards; Shelving and racking; benches, stoves, fridges, microwaves;
dock levelers and dock leveler Lockers; Caging and internal
equipment; In-rack sprinklers and warehouse fencing; Dust-proofing to
EXLCUSIONS in-rack lighting; Relocation of any warehouse; Signage pylon; Lifts;
plant; Refrigeration plant and Access control booths and turnstiles;
equipment; UPS systems; PABX Computer and IT installation; Cranes;
switchboards and telephone Biometric system; Rain water
installations; Safes harvesting
Bullet-proof glass; Floor drains
R84 R11.5 6,5% 10
Net Rental Operating Costs Escalation rate Lease duration
per m² Per m² Per annum In years
Warehouse area: 14 026m²
Warehouse office: 342m²
TOTAL GLA: Admin offices: 363m²
TOTAL GLA: 14 746m²
ablutions and guardhouse @ R70/m² - R1 032 220
MONTHLY RENTAL (YEAR 1) Extra over Yard 5 500m² @ R15/m² – R82 500
Container Yard 5 000m² @ R25/m² – R125 000
Total Rental – R1 239 720
ACCESS PERIOD 30 days prior to lease commencement
LEASE COMMENCEMENT 01 July 2022
Rates and Taxes
(excludes water and electricity)
APPROVAL TO PROCEED 15 April 2021
LEASE AGREEMENT 01 May 2021
PLAN APPROVAL 31 August 2021
CONSTRUCTION 01 July 2021
ACCESS DATE 01 June 2022
LEASE COMMENCEMENT 01 July 2022
This proposal is valid for 30 days from date thereon and will be subject to a formal written offer
between Freight Station South Africa (Pty) Ltd and Fortress REIT Fund. It is also subject to Board
Approval by Fortress REIT Fund and we will require additional security requirements in the form of a
rental deposit and/or appropriate suretyships from you.