Tongaat Hulett has an unequalled portfolio of 8 200 developable hectares (12 900 gross hectares) of land in prime locations, prepared
for unlocking substantial value and cash flow. Sales over the next five years are likely to come from 3 710 developable hectares of key
focus areas.
AREA | Developable hectares |
FOCUS AREAS | ||||
DURBAN TO BALLITO |
URBAN GROWTH AND CONSOLIDATION - UMHLANGA REGION | 1 122 | 3 144 developable hectares from a total of 4 600 |
|||
Ridgeside Remaining Precinct 1 and 2 | 42 | |||||
Ridgeside Precinct 4 | 20 | |||||
Umhlanga Ridge Town Centre | 9 | |||||
Izinga/Kindlewood | 152 | |||||
Umhlanga Ridge Westerly Expansion - New Town Phase 1 (Retail) | 12 | |||||
Umhlanga Ridge Extension - Cornubia New Town Phase 2 | 234 | |||||
Umhlanga Ridge Town Centre Western Expansion | 45 | |||||
N2 Business Park | 38 | |||||
Umhlanga Hills | 42 | |||||
Marshall Dam Residential | 12 | |||||
Marshall Dam Town Centre | 42 | |||||
Consolidating Urban | 40 | |||||
Integrated Residential | 15 | |||||
Cornubia Industrial | 29 | |||||
Cornubia North | 264 | |||||
Integrated Residential | 300 | |||||
Medium Density Residential | 84 | |||||
Consolidating Urban | 80 | |||||
N2 Business Par | 80 | |||||
Industrial | 80 | |||||
COASTAL / LIFESTYLE / LEISURE / HIGH-END RESIDENTIAL | 275 | |||||
Zimbali Lakes | 47 | |||||
Sibaya Node 1 | 49 | |||||
Sibaya Node 5 | 76 | |||||
Sibaya Node 4 | 103 | |||||
AIRPORT REGION BUSINESS AND RESIDENTIAL | 1 725 | |||||
uShukela Drive - Airport Linked Industrial, Retail and Logistics | 49 | |||||
Amanzimnyama - Office / Business / Industrial and Logistics Park | 345 | |||||
Compensation (East) - Industrial and Manufacturing | 73 | |||||
Compensation Western Expansion - Industrial and Manufacturing | 152 | |||||
iNyaninga East - Industrial / Logistics / Manufacturing | 550 | |||||
iNyaninga West, Lindokuhle, Aberfoyle, Dudley Pringle - Residential and Urban Expansion of oThongathi (Tongaat) |
556 | |||||
REMAINING SITES ON NEARLY COMPLETED DEVELOPMENTS | 22 | |||||
WEST OF DURBAN |
URBAN EXPANSION WEST OF DURBAN | 296 | 296 developable hectares from a total of 1 100 |
|||
Ntshongweni - Residential Infill / Consolidation | 57 | |||||
Ntshongweni - Retail and Urban Core | 78 | |||||
Ntshongweni - Logistics and Business Park | 161 | |||||
COASTAL NORTH OF BALLITO |
COASTAL NORTH OF BALLITO | 270 | 270 developable hectares from a total of 2 500 |
|||
Tinley Manor South Banks – Resort | 270 | |||||
GRAND TOTAL | 3 710 8 200 |
The region of urban growth and consolidation of Umhlanga is the fastestdeveloping and highest-value node in KwaZulu-Natal. It includes, within a two-kilometre radius, areas such as Ridgeside, the Umhlanga Ridge Town Centre, with its western expansion into Cornubia and the growing residential suburbs of Izinga and Kindlewood. This region includes 1 122 developable hectares, from which sales are being targeted over the next five years.
The coastal lifestyle, leisure and high-end residential market is highly attractive in KwaZulu-Natal. Tongaat Hulett’s focus is on 275 developable hectares, from which sales are expected to be drawn over the next five years. These areas include a range of land uses consisting of lower density residential, hotels, higher density residential and mixed use nodes and limited commercial space. From within this zone, the 2014/15 financial year will see a comprehensive international launch of our commercial process to fully explore a large land transaction focusing on Nodes 1 and 5 of Sibaya.
The King Shaka International Airport and the associated Dube TradePort comprise one of the key economic catalysts created by the KwaZulu-Natal Provincial Government and the heart of a planned Airport City or Aerotropolis. The area is currently the focus of significant ongoing infrastructural investment and is planned as one of two Special Economic Zones to be established in KwaZulu-Natal. It is anticipated that this will generate an increasing momentum of investment, including by foreign and global companies. Tongaat Hulett has identified 1 725 developable hectares in the airport region that are expected to yield sales over the next five years.
Tongaat Hulett owns 2 500 hectares of prime coastal property along the coastline, north of Ballito. As the tourism sector in KwaZulu-Natal develops over time, these landholdings are ideally located to attract major resort development, including by global players.
The first landholding being targeted north of Ballito comprises the 270 developable hectares to the south of the Mhalali River near Tinley Manor. This is driven both by the northward growth of the Ballito area and by the resort potential of this stretch of the KwaZulu-Natal coastline.
Beyond its historical land conversion activities in the corridor north of Durban and around Ballito, in the next five years Tongaat Hulett is targeting the commencement of development in areas at Ntshongweni on the N3, near Hillcrest, to the west of Durban.
The area is attracting significant interest for the development of a new super-regional shopping centre, which in turn is generating interest for the establishment of a new urban core similar to the Umhlanga Ridge Town Centre. The area, likewise, represents one of the best-located sites on the N3 corridor for logistics and light industrial development. The first three precincts of Ntshongweni are being focussed on to commence sales within the next five years.