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Zimbali developers to create R2 billion property fund

Zimbali Lakes Resort Gatehouse

Kuwait’s IFA Hotels & Resorts announced last week that it has entered into a joint venture with boutique financial consulting firm Jaltech to create a R2 billion property fund. The property fund, Zimbali Capital, is a Section 12J Venture Capital Company which will allow IFA and its associate partners to …

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SA Corp lines up 4 SACSC Footprint Marketing Awards

SEATED – From Left to Right: Siphumelele Khuzwayo (Umlazi Mega City), Zinhle Zungu (Umlazi Mega City), Ruth Isaac (Springfield Value Centre), Adeela Haffejee (Musgrave Centre), Mariam Omarjee (Musgrave Centre)
– STANDING – André Williams (SACREL) & Donald Mclellan (Broll Property Group).

Shopping Centres owned by listed property company SA Corporate Real Estate Limited (SACREL) that fall under the Broll Property Group Property Management have scooped four silver Footprint Marketing Awards at the annual South African Council of Shopping Centres (SACSC) Congress recently in Durban. The awards, which recognise exceptional shopping centre marketing, innovation …

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MALL OF THE WEST TO KICKSTART NEW NTSHONGWENI URBAN DEVELOPMENT

MALL OF THE WEST TO KICKSTART NEW NTSHONGWENI URBAN DEVELOPMENT

The first phase of the catalytic Ntshongweni Urban Development region will be an 85 000 square metre regional retail experience. Aptly named the Mall of the West, the new retail offering will cater to Durban’s underserviced western suburbs and surrounding areas and kickstart the Ntshongweni Urban Development which is expected to …

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KWAZULU-NATAL BLUE FLAG BEACHES A BOON FOR TOURISM

Ushaka Beach Durban, Image: Denver Govender

The MEC for Economic Development, Tourism and Environmental Affairs, Mr Sihle Zikalala, has welcomed the awarding of Blue Flag status to nine beaches in KwaZulu-Natal as a much-needed positive boon for the province’s tourism prospects. A total of seven beaches in the Ray Nkonyeni District to the south of the …

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Umgeni welcomes R1.4 billion game-changing commercial space

VIEW35 copy

Construction on the R1,4 Billion Umgeni Lifestyle and Deco Park is in full swing and is expecting the completion of Phase A of construction by as soon as October this year and the grand opening on the 1 November 2018. Conceptualised by Eris Property Group, in partnership with PRASA and …

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Summer Park Umhlanga breaks ground

Summer Park Umhlanga breaks ground

Following the successful, first-ever residential online sales launch 9 months ago, Summer Park Umhlanga officially broke ground on Thursday, 16 August. Having started with an extremely positive reaction, with R60 million sold in 42 seconds of the online launch, Summer Park Umhlanga has not slowed down in sales, resulting in …

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Cornubia Mall Opening: Welcome to Cornubia Mall – where we meet for good

Ward Cllr Siya Thango with Darryl Mayers and Cllr Sipho Kaunda

MEC for KwaZulu Natal Human Settlements and Public Works, Mr Ravi Pillay, together with Darryl Mayers, Head of Investec Property South Africa and other City dignitaries, have officially opened the 65 000m² brand new Cornubia Mall near Mount Edgecombe, KZN. The Mall opened its doors amid much fanfare and excitement from shoppers and retailers alike …

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More than 30 properties up for offer in the Port of Durban

Lease agreements are available for more than 30 properties and operational sites in the Port of Durban’s Ship Repair and Bayhead Precincts. The port has a land area of 985 hectares.

Transnet National Ports Authority in the Port of Durban is offering new lease agreements for more than 30 properties and operational sites in the Port’s Ship Repair and Bayhead Precincts. The commercial sites, which will be leasable for a minimum of five years, present opportunities for new entrants who have …

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Hilton Durban Finishes Hotel Refurbishment

Business Lounge

Well situated adjacent to the Durban International Convention Centre, the Hilton Durban is currently completing a major refurbishment, which was undertaken in five phases at a total capital investment of over ZAR 200 million. The full project will be scheduled for completion in 2018 after completing the meetings and banqueting …

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