Property Flash


January 22 2024

The Urban Growth Property group has positioned itself as a private developer which is growing as Cape Town and its attract families and businesses.

Highly experienced commercial real estate professional, Colin Young and his team at Urban Growth are running one of the most exciting industrial property developers.

Young says that Cape Town industrial property continues to see positive growth as the city is seen as the better place to live and do business.

But what’s contributing to this growth?

  • Cape Town’s roads and infrastructure are well maintained.
  • There is a limited supply of industrial property in the area.
  • The industrial property sector has been the best-performing property sector in SA
    over the past year.
  • Tenants require protection from rolling electricity blackouts and the financial returns earned from off-grid industrial properties makes for a strong investment case.

Urban Growth’s portfolio includes off-grid, Grade-A industrial properties located in the
Western Cape. The aim is to generate a reliable, consistent, and growing income
stream, coupled with capital growth, primarily through investments in South African real estate via
debt instruments and a profit share backed by property assets, says Young.

Urban Growth, which is led by CEO Young and Co-founder Ross Gregory, says it has a
distinguished blue-chip background and a successful track record in the industrial property sector.

Its property portfolio consists of distribution warehouses and last-mile logistics buildings, with
a collective market value of more than half a billion rand.

“The properties also boast energy-efficient features that support responsible and sustainable investing,” says Young.

The tenants of the properties tend to be national and international businesses with leases of at least five years in maturity.

People are coming to the Western Cape region from far and wide, both locally, through semigration, and globally. The influx of people means more infrastructure, more houses and more businesses.

Young said that each of the portfolio’s properties had been vet by Investec Private Bank and Nedbank Private Wealth, the portfolio’s principal banking partners.

Leave a Reply

Your email address will not be published. Required fields are marked *