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Umgeni Deco & Lifestyle Park, Durban’s prime destination centered for success.
The beginning of May this year marks a milestone for MMI Holdings as it takes occupation of its new R306 million KwaZulu-Natal regional headquarters.
Durban, 27 March 2017 : As construction continues apace on the Cornubia Integrated Human Settlement development which is implemented in a phased manner across the 1,300Ha site bordered by Umhlanga Ridge Town Centre to the East, Mount Edgecombe to the South, Phoenix to the West and Verulam/Ottawa to the North.
SOUTH Africans spend more time in the traffic commuting than their counterparts in 22 similar countries – and when taken into account the country’s poorest citizens typically live on the fringes due to the legacy of spatial fragmentation – the impact of the transport challenges are most significantly felt by those least able to afford them.
Eris Property Group a leading property investor and developer in South Africa, with their development partners, Accessio, Intersite & PRASA has designed the prime destination park to provide 90,000sqm of modern business space.
Developing Africa’s first purpose-built aerotropolis, with its nucleus being Dube TradePort, home to King Shaka International Airport, is significantly impacting on north coast property patterns as the ease of access prompts investors to acquire second homes in the region.
Access into the Cornubia Industrial and Business Estate (CIBE) has been greatly improved with the opening of MR 458 road-over-rail bridge which leads motorists directly to the main entrance of the estate.
Bridge City, a key link in KwaZulu-Natal’s rapidly developing Northern Growth Corridor, is attracting entrepreneurs and new entrants into the property development space thereby helping grow the regional economy and uplift surrounding communities.
Vukile Property Fund has more than doubled the value of its directly held South African real estate assets over the past three years from R6.1 billion to R15.2 billion currently, with retail properties accounting for over R10.5 billion or 70% of its portfolio.
Durban’s Point precinct is been transformed into a property market paradise, with upgraded roads and waterways leading to upmarket apartment blocks.