Attacq welcomes BMW’s R400m investment in Waterfall distribution facility
JSE-listed Attacq has welcomed BMW Group South Africa’s (BMW SA’s) decision to invest in the construction of a 32 000-m2regional distribution facility at the Waterfall Distribution Campus, in Midrand, Gauteng.
The value of this investment and the revamp of its headquarters, also in Midrand, totals R400-million.
Attacq CEO Morné Wilken said the company was “delighted” to welcome a leading international brand like BMW to Waterfall.
BMW SA will start construction on the facility this month.
Distribution from the purpose-built facility is expected to start by mid-2018, for an initial ten-year lease period.
Speaking at the sod-turning ceremony, on Wednesday, BMW SA and sub-Saharan Africa CEO Tim Abbot said that improved warehousing and distribution was a key success factor, and that the group “keeps upping our game in customer service delivery.
“Space limitations restrict the expansion of the warehouse in our current location in Midrand. By moving the warehouse to a larger site, we also free up space on our campus to create a power hub,” he added.
He pointed out that the location of the facility, 7 km from BMW SA headquarters, in Midrand, provided a strategic advantage in servicing the region.