{"id":330041,"date":"2022-11-18T08:29:19","date_gmt":"2022-11-18T06:29:19","guid":{"rendered":"https:\/\/informante.web.na\/?p=330041"},"modified":"2022-11-18T08:29:22","modified_gmt":"2022-11-18T06:29:22","slug":"trustco-properties-and-woermann-brock-company-close-major-property-transaction","status":"publish","type":"post","link":"https:\/\/informante.web.na\/?p=330041","title":{"rendered":"TRUSTCO PROPERTIES AND WOERMANN, BROCK &amp; COMPANY CLOSE MAJOR PROPERTY TRANSACTION"},"content":{"rendered":"<p>Trustco Properties has concluded a major property transaction with respected Namibian retail giant, Woermann, Brock &amp; Co. The 128-year-old legendary Namibian trader, today well known as Woermann, Brock is 100% Namibian owned retail and wholesale group which offers employment to more than 2,000 Namibians and has supermarkets, wholesalers and liquor stores across the country. Trustco Properties forms part of the real estate investment portfolio of Trustco Group Holdings Ltd (Trustco), one of Namibia\u2019s largest investment groups.<\/p>\n<p>This transaction concludes the investment Trustco Properties has made in Extension 3 of Lafrenz Industrial Park, as these were the final serviced industrial erven that were available. Since Trustco\u2019s investment in the Lafrenz industrial development in 2004, through Trustco Properties, the industrial development of that area of the capital has seen significant growth and brought various services closer to the people creating thousands of temporary and hundreds of permanent job opportunities over the years.<\/p>\n<p>\u00a0<\/p>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"612\" height=\"792\" src=\"https:\/\/informante.web.na\/wp-content\/uploads\/2022\/11\/TRUSTCO-PROPERTIES.png\" alt=\"\" class=\"wp-image-330050\" srcset=\"https:\/\/informante.web.na\/wp-content\/uploads\/2022\/11\/TRUSTCO-PROPERTIES.png 612w, https:\/\/informante.web.na\/wp-content\/uploads\/2022\/11\/TRUSTCO-PROPERTIES-232x300.png 232w\" sizes=\"auto, (max-width: 612px) 100vw, 612px\" \/><\/figure>\n<\/div>\n\n<p>\u00a0<\/p>\n<p>The Lafrenz Industrial Park is ideally situated on the northern outskirts of the capital of Namibia, Windhoek, approximately seven kilometres from the city centre. This development is a natural westward expansion of the already established Lafrenz industrial area.<\/p>\n<p>\u201cIt is an encouraging sign for economic activity in Namibia that the demand for industrial land is again seeing an uptake, as it is a leading indicator of GDP growth,\u201d said Trustco Properties CEO, Le-Hugo van Rooyen.<\/p>\n<p>To ensure sufficient industrial serviced erven are available to businesses, Trustco Properties will continue to develop and service the remaining land in Extension 2 of Lafrenz Industrial Park. Currently, there are 11 fully serviced erven in Extension 2 and further development will avail an additional 58 erven.<\/p>","protected":false},"excerpt":{"rendered":"<p>Trustco Properties has concluded a major property transaction with respected Namibian retail giant, Woermann, Brock &amp; Co. The 128-year-old legendary Namibian trader, today well known as Woermann, Brock is 100% Namibian owned retail and wholesale group which offers employment to more than 2,000 Namibians and has supermarkets, wholesalers and liquor stores across the country. Trustco &#8230;<\/p>\n","protected":false},"author":10,"featured_media":330060,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,24,26],"tags":[],"class_list":["post-330041","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news","category-trustco"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>TRUSTCO PROPERTIES AND WOERMANN, BROCK &amp; COMPANY CLOSE MAJOR PROPERTY TRANSACTION - Informant\u00e9<\/title>\n<meta name=\"description\" content=\"Trustco Properties has concluded a major property transaction with respected Namibian retail giant, Woermann, Brock &amp; Co.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/informante.web.na\/?p=330041\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TRUSTCO PROPERTIES AND WOERMANN, BROCK &amp; 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