Growthpoint expands KZN logistics with R392m Cornubia Park

• Growthpoint launches R392m logistics park in Cornubia, reinforcing confidence in KwaZulu-Natal’s long-term industrial and logistics demand.
• Development targets strong logistics demand near ports, airport and major transport routes serving regional and national supply chains.
• Eight flexible A-grade warehouse units support growing need for modern, efficient logistics space in coastal metros.

Growthpoint accelerates its logistics & industrial strategy

‍Growthpoint Properties continues to reshape its South African portfolio toward high-growth sectors, with logistics and industrial property playing a central role in its long-term strategy.

The JSE-listed property giant has broken ground on Tecoma Park, a new 36,830m² multi-tenanted logistics development in Cornubia, north of Durban, marking another significant step in expanding its logistics footprint in KwaZulu-Natal.

Estienne de Klerk, South Africa CEO of Growthpoint Properties, says the province remains core to the group’s investment outlook.

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“KwaZulu-Natal continues to deliver strong occupancy and tenant demand across sectors, giving us confidence to keep deploying capital here in line with our long-term strategy,” says de Klerk.

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Growthpoint’s KZN portfolio already spans more than 560,000m² of assets across logistics, retail, office and healthcare, valued at approximately R8.6 billion.

Strategic development in a high-growth node

‍Tecoma Park represents a R392 million investment and is scheduled for completion in 2027. The logistics park is strategically located within the fast-growing Cornubia Town precinct, adjacent to Cornubia Mall, only 12km from King Shaka International Airport and 21km from Durban Harbour.

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Greg Worst, Growthpoint’s KwaZulu-Natal Regional Head, notes the strength of the node: “Demand continues to be driven by proximity to ports, the airport and key transport infrastructure, along with strong regional consumer markets. Well-located, modern logistics space remains in high demand.”

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The development will comprise eight flexible units ranging from 2,790m² to 5,264m², with the option to combine spaces into facilities exceeding 10,000m², catering for a broad tenant base.

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Jason Reeves, Head of Asset Management for Logistics and Industrial at Growthpoint, adds: “There is a well-documented shortage of modern, high-spec logistics facilities in KwaZulu-Natal. Tecoma Park directly responds to this demand and will become a flagship asset in our portfolio.”

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The park will feature high-spec warehouse design, generous internal heights, efficient loading access, integrated offices and optimised truck circulation, ensuring operational efficiency for logistics users.

Sustainability is also embedded, with rooftop solar installations, energy-efficient lighting, heat pumps and landscaped green areas enhancing environmental performance.

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Logistics demand drives investment

‍As supply chains modernise and coastal metros continue to outperform economically, demand for strategically located logistics space is expected to remain strong.

Growthpoint’s continued capital deployment into logistics assets such as Tecoma Park signals confidence in KwaZulu-Natal’s industrial fundamentals and the growing importance of efficient distribution infrastructure.

‍For investors, the message is clear: logistics and industrial assets in strong nodes remain one of the most resilient property investment segments heading into the next growth cycle.

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