Airport Property is pleased to announce the successful sale of 2 Concorde Crescent in Airport City, brokered by Guy de la Porte, #theairportpropertyguy and Cape Town’s most experienced industrial property broker. This R6.7 million transaction sees Kenings Car Van and Truck Hire (Pty) Ltd acquire a specialised office building to serve as their new regional headquarters.
A Unique Property in Airport City’s Industrial Landscape
The sale of 2 Concorde Crescent represents a distinctive transaction in Cape Town’s industrial property market. Situated on a 1,134m² erf with 540m² of gross lettable area, this office building occupies a unique position within an industrial precinct. Office buildings in industrial areas are relatively uncommon and typically face different market dynamics compared to their warehouse and manufacturing counterparts.
The property had been on the market for approximately two years before finding the right buyer, ultimately selling at a reduced price. This extended marketing period reflects the specialised nature of the asset—whilst industrial areas are dominated by demand for warehousing, logistics facilities, and manufacturing space, standalone office buildings can prove challenging to place.
Strategic Acquisition for Regional Expansion
For Kenings Car Van and Truck Hire, the acquisition of 2 Concorde Crescent forms part of a broader strategic expansion within the Airport Industria and Airport City precinct. The company will utilise the property as their regional offices, consolidating their operational presence in an area that provides exceptional connectivity to transport networks and Cape Town International Airport.
What makes this transaction particularly noteworthy is that Kenings’ purchase was conditional upon securing a lease for a large yard facility around the corner from 2 Concorde Crescent. This coordinated approach to property acquisition demonstrates sophisticated real estate planning, allowing Kenings to establish both their administrative headquarters and operational yard space within close proximity to one another.
The deal was signed on 17 September 2025, concluding a transaction that required patience, market understanding, and the ability to identify the right buyer for a specialised asset.
Building a Lasting Client Partnership
This transaction represents the continuation of a strong working relationship between Airport Property and Kenings. Previous collaborations include the leasing of 8 Montreal Drive in Airport Industria 2, the acquisition of 42 Aviation Crescent in Airport City, and the aforementioned yard lease that formed part of the conditions for this purchase.
These multiple transactions demonstrate the value of long-term client relationships in commercial property. By understanding Kenings’ business model, growth trajectory, and operational requirements, Airport Property has been able to facilitate several strategic property solutions that support the company’s expansion across the Western Cape.
Guy de la Porte’s intimate knowledge of the Airport Industria and Airport City precincts proved instrumental in structuring this deal. His ability to navigate the complexities of a conditional sale whilst understanding both the property’s limitations and the buyer’s requirements exemplifies the expertise that has made him Cape Town’s leading industrial property specialist.
Prime Airport Proximity and Connectivity
Location remains one of the most critical factors in industrial and commercial property decisions. The Airport Industria and Airport City precincts offer compelling advantages for businesses requiring excellent transport connectivity.
The property is located within five minutes of Cape Town International Airport, providing immediate access to air cargo facilities and international connectivity. For a vehicle hire company like Kenings, this proximity to the airport represents a significant operational advantage, facilitating both business travel and potential expansion into airport-based vehicle rental services.
Airport Industria provides exceptional connectivity overall, positioned approximately 20km from Cape Town’s CBD and harbour with straightforward access to the N2, R300, M5, and other arterial routes. The area offers proximity to established labour markets and comprehensive public transport networks, making it an attractive location for businesses across various sectors.
Market Insights: Office Space in Industrial Precincts
This transaction offers valuable insights into a niche segment of Cape Town’s commercial property market. Whilst industrial precincts continue to experience strong demand for warehousing and logistics facilities, office buildings within these areas face a more limited buyer pool.
The two-year marketing period for 2 Concorde Crescent highlights the importance of patience and targeted marketing when dealing with specialised assets. Rather than competing with conventional office parks that offer amenities and corporate environments, these properties appeal to owner-occupiers seeking operational headquarters within industrial areas—exactly the profile that Kenings represented.
The successful conclusion of this sale demonstrates that even properties facing extended marketing periods can find the right buyer when matched with appropriate operational requirements and strategic location needs.
Expert Guidance Delivering Results
Airport Property’s track record in the Airport Industria and Airport City precincts continues to grow, with numerous successful transactions demonstrating deep market knowledge and client service. View more of our past successes to see the breadth of deals concluded across Cape Town’s industrial property landscape.
For businesses seeking industrial, warehouse, or office space in Cape Town’s premier industrial nodes, working with specialists who understand both market dynamics and location-specific factors proves invaluable.
Congratulations to Kenings Car Van and Truck Hire on securing their new regional offices, and to all parties involved in bringing this transaction to a successful conclusion.
Broker Collaboration
This sale represents a collaboration between Airport Property and Steve Bax of Bax Properties. Airport Property regularly collaborates with like-minded brokers, such as Bax Properties, who share their ideals of professionalism, integrity, and client service. This collaborative approach ensures clients receive expert guidance throughout the property search and leasing process, drawing on the combined expertise and market knowledge of multiple specialists.
Looking for industrial or commercial property in Airport Industria, Airport City, or surrounding areas? Contact Guy de la Porte, Cape Town’s most experienced industrial property broker, to discuss your requirements.
