Over the past four years, Durban, Umhlanga and Ballito have been some of the fastest growing areas in the country. As leaders in transforming the landscape in KZN, Tongaat Hulett Property (THP) has added momentum to a number of catalytic nodes and significant developments. They share their vision for further strategic growth on the North Coast.
Aside from generating opportunities through residential, commercial and industrial property markets, head of Tongaat Hulett Property Justin Geyve says the company is poised to unlock the potential of prime located land – focusing on the Umhlanga Ridgeside, Umhlanga Ridge town centre, Cornubia, Sibaya and Bridge City precincts.
“THP has a strategic portfolio. Our goal, ultimately, has been to bolster employment, create inclusive communities and unlock new property markets. Managing an extensive property portfolio of approximately 9600 hectares of land enables us to support the creation of integrated precincts that will change how South Africans live,” Justin says.
In a recent SA Property Trends survey, conducted by Rainmaker Marketing, SA’s top performing metro neighbourhoods saw Umhlanga enjoy transactions of close to R3-billion
with an influx of luxury semigration buyers and sales exceeding R20-million on the beachfront.
“It’s this kind of growth and demand that made it a no-brainer to secure some of THP’s prime land in the Umhlanga Ridgeside area,” says Prak Govender, CEO of PGA Umhlanga Rocks Investment. KZN has so much going for it. Our climate, the ocean, a great hybrid culture and a good standard of living. This precinct, in particular, has established itself over the years offering major value through the business hubs, shopping centres, hospitality offerings, luxury homes and apartments and even schools – right on our doorstep.”
Security and sustainable living are also key factors for South Africans. Through integrated secure developments there’s an increasing need to create a safe environment that caters to a full diversity of people, while also fulfilling economic requirements, creating efficiencies and a lower cost of living.
“Urban convenience within a secure estate is the inspiration for our soon-to-be-launched Monterey Umhlanga development, “ says Jaichin Cloete, Monterey co-developer and founder of The Opportunities Company. “ With the added 24-hour security within the estate, it is a safe, robust investment with positive returns in this popular location. The Umhlanga Ridge Town Centre Management Association, a non-profit organisation, also ensures the streets and parks are clean and safe for residents. We are excited to be part of the growth envisioned for this bustling and growing node.”
According to Geyve, entry-level housing is also a key objective for THP in supporting the country’s growth agenda by offering low-cost housing with services that provide water and electricity. Cornubia, situated within greater Umhlanga, is a joint venture between eThekwini Municipality and THP. “Considered a Presidential Project, this node has yielded more than 3000 affordable and mid-market high density residential units, with 2 500 government subsidised new homes currently occupied.
“The key is in public and private sector partnerships to stimulate infrastructure, bolster employment, create inclusive communities and generate rates income for the respective precincts and municipalities. By generating integrated precincts which encompass the growth agenda of the national, provisional and local governments we can ensure each development is inclusive for all of KZN society.”
Details: Contact THP for details on immediate opportunities: 0875370532, [email protected]
