3Cube Property Solutions opens its doors in Cape Town
Category Commercial and Industrial News
3Cube Property Solutions has spread its wings and opened a branch in Cape Town. This means that businesses looking for commercial, industrial and retail space in areas like Epping Industrial, Brackenfell Industrial and Blackheath Industrial - amongst many others - will now be able to take advantage of the same outstanding service that clients in Gauteng have come to expect from 3Cube Property Solutions.
This move has come as the semigration trend continues to draw individuals and companies from Johannesburg and various other parts of South Africa to Cape Town, which stands out as a prime destination within South Africa. Let's explore the captivating incentives and promising property market that awaits you in the Mother City.
More power stability and less loadshedding
The City of Cape Town's municipality is widely hailed as one of the best run in South Africa and one of the reasons for this is the city's ability to mitigate some of the impact of loadshedding. As a result of the operation of its 180MW hydroelectric plant at Steenbras Dam, the City of Cape Town often runs loadshedding at one stage lower than the rest of the country.
An innovative cash-for-power plan
In January 2023, the City of Cape Town announced that it will pay cash and incentivise businesses to feed excess power that they are generating into the grid, thus creating further possibilities for loadshedding stages to be avoided. In the words of Geordin Hill-Lewis, Cape Town's mayor, "the city aims to buy electricity from as many city-supplied customers as are willing to sell". This means that businesses with approved systems can feed their excess power into Cape Town's grid, creating an extra revenue source and helping to create a more stable power source for the city.
High demand and great value
With the pandemic largely in the rearview mirror, demand for commercial real estate in the Western Cape is growing from strength to strength and it's an ideal locale for a widely respected property brokerage. Over and above having less loadshedding than the rest of the country, Cape Town has a high service delivery rating and a forward-thinking local government that puts its people - and its businesses - first. The fact that more than half of the municipalities in South Africa that achieved clean audits this year are in the Western Cape is indicative of a positive climate in which to do business.
The 'easiest place to do business in Africa'
Earlier this year, Hill-Lewis unveiled Cape Town's Ease of Doing Business Index and stated that the city's aim is to make Cape Town the easiest place to do business in Africa. According to Cape Town's city manager, Lungelo Mbandazayo, the city's mission includes a commitment to reducing the red tape around getting building plan approvals and the digitisation of city services. The move was described by a representative of Cape Town's business community as "rare and brave".
Key infrastructure, global accessibility and top personnel
Cape Town is a gateway to Africa. It is home to major ports and an award-winning international airport. Thanks to all the lifestyle benefits offered by Cape Town, such as an outdoor way of life, lower crime rates and good governance, many of South Africa's talented and qualified young people have chosen to make their home here. This means that businesses in Cape Town have easy access to much of the country's top talent.
There are many reasons to make Cape Town your business's headquarters and 3Cube Property Solutions is available to help you find the commercial, industrial or retail space that's right for your business. Contact us today for more information. You can also visit our new Cape Town office in Carl Cronje Drive, Bellville.
Author: 3Cube Property Solutions
