Recycling of Outdated Industrial Buildings. We can assist in updating or upgrading your industrial building to include the latest features and aspects currently demanded by tenants and buyers.
Outdated industrial buildings, many vacant for years, are being pursued by investors and developers who are profiting by dressing them up and dancing them around again.
A shortage of office space in the Cape Town area and a shortage of the sort of inexpensive research and manufacturing space needed by start-up and smaller companies have made developers take a second look at scores of older manufacturing buildings and the small sums it takes to buy, rehabilitate and rent them, property specialists say.
Developers say the re-use of sturdy skeletons and foundations in these buildings keeps costs below those of new construction, even with extensive renovations, and takes about half the time required to erect a new building. The high ceilings, clerestory windows, and skylights are desirable for small manufacturers, and they offer aesthetic value to office tenants.
Profit is the dominant incentive for rehabilitation, but there may also be a desire to preserve historic architecture. Sales are sometimes hampered by an obligation to clean up contamination that resulted from industrial pollution.