New large-scale property company launched

Posted On Thursday, 05 May 2005 02:00 Published by eProp Commercial Property News
Rate this item
(0 votes)

South African resources and financial services group Metallon yesterday announced plans for the launch of a new privately-held property development company, Metallon Properties.

Mzi KhumaloChairperson Mzi Khumalo said the new company would focus on large-scale projects in the resort and hotel sector, in South Africa and the rest of the continent.

Khumalo will chair the new company, and former resorts development director at Moreland Developments - the property development arm of Tongaat-Hulett -, property planner and developer, Neels Brink, had been appointed MD of Metallon Properties.

Brink had been directly involved in the planning and development of Durban’s R730-million uShaka Marine Park, as well as, through Moreland Developments, in the planning and development of the Mount Edgecombe country club estates, the Umhlanga Ridge precinct, the Afrisun KZN-owned Sibaya casino precinct and the Zimbali Coastal Resort near Ballito.



Last modified on Saturday, 07 June 2014 19:05

Most Popular

Exemplar REITail Acquires Katale Square Shopping Centre

Sep 23, 2019
 JASON MCCORMICK
Real estate investment trust, Exemplar REITail, has acquired Katale Square shopping…

Mall of Africa Celebrates Launch of New Generation Pick n Pay Store

Sep 23, 2019
 MOA PNP  1
Today Mall of Africa welcomed one of South Africa's biggest grocery retailers to the…

Grit Real Estate financial results for the year-ended 30 June 2019

Sep 30, 2019
 BRONWNY CORBETT
London Stock Exchange listed Grit, the only listed Africa-focused income distribution…

4AX listed Heartwood Properties reveals positive financial results

Sep 23, 2019
 JOHN WHALL
Commercial property development company, Heartwood Properties , has revealed a 30%…

Reserve Bank keeps repo rate unchanged

Sep 23, 2019
 LESETJA KGANYAGO
 South African Reserve Bank Governor Lesetja Kganyago on Thursday said this is in line…

Please publish modules in offcanvas position.