A Prime Corner Asset Changes Hands
108 Aviation Crescent, Airport City has sold for R9.5 million in a going concern transaction concluded by Guy de la Porte of Airport Property, with transfer registered on 19 February 2026. The buyer is a private investor from upcountry — a detail that speaks volumes about the pulling power of Cape Town’s commercial property market right now.
The property is a freestanding building of 1,777m² GLA, tenanted by Nomu Foods, the well-known Cape Town-based food brand. It sits on a prime corner site in what is widely regarded as the best part of Airport City, giving it the kind of visibility and positioning that rarely comes to market.
The Numbers Behind the Deal
The sale was concluded at a sub-8% yield, which warrants some explanation given the current interest rate environment. Two factors put downward pressure on the yield: the property carries relatively low site coverage of 31% and bulk coverage of 37%, meaning there is significant land that is not yet built out. In commercial property, lower coverage typically means a buyer is paying for future potential alongside the existing income — and the market priced it accordingly.
Beyond the coverage metrics, the corner position at 108 Aviation Crescent is a tangible asset in its own right. Corner sites in Airport City command a premium because of their prominence, ease of access, and the options they afford for signage and exposure. Combined with a quality tenant in Nomu Foods, the property presented a compelling investment case despite the tighter yield.
Semigration is Reshaping the Cape Town Market
This transaction is not happening in isolation. The broader context is a Cape Town commercial property market that continues to outperform, driven in large part by semigration — the sustained movement of individuals, families, and businesses relocating from Gauteng and other inland provinces to the Western Cape.
Demand from upcountry buyers, like the investor in this deal, is consistently outstripping available supply. The result is predictable: prices move upwards and yields compress. For sellers, this is an opportune window. For buyers, it reflects a calculated bet that Cape Town’s fundamentals — infrastructure, lifestyle, governance, and economic activity — will continue to support property values over the medium to long term.
Airport City sits at the centre of this dynamic. As a well-managed, well-located commercial node adjacent to Cape Town International Airport, it attracts both owner-occupiers and investors who want exposure to the Western Cape economy without the complications of the CBD or the fringe industrial areas. Stock in the precinct, particularly freestanding properties on good sites, is genuinely scarce.
The area also offers proximity to established labour markets and comprehensive public transport networks.
About the Tenant at 108 Aviation Crescent: Nomu Foods
Nomu Foods is a South African food brand with a strong retail and export presence, producing a range of spices, baking products, and ingredients that are sold locally and internationally. Their tenancy at 108 Aviation Crescent provides the kind of income security that gives investors confidence — an established, recognisable business with a track record.
For more on Nomu Foods, visit nomu.co.za.
If you are considering buying or selling a commercial property in Airport City or the broader Airport precinct, contact Guy de la Porte, #TheAirportPropertyGuy, Cape Town’s most experienced industrial broker. He has a deep knowledge of this node and an active network of buyers — including investors from outside the Western Cape who are actively seeking opportunities like this one.
Airport Property maintains offices in the heart of Airport Industria in the Dachser building, ensuring rapid response to tenant, owner-occupier, and investor requirements. Our past successes can be viewed here.
