Thursday, 10 March 2016 13:46

Rural retail growing in South Africa

Spire Property Management recently secured the management contracts for several retail centres in outlying areas of Durban and Johannesburg.

Perched on a ridge overlooking Durban's city centre, with views all the way to the Indian Ocean, lies a sought-after collection of suburbs known as Berea.

Live auction of multiple investment properties around Gauteng - South Africa #166 - featuring tenanted retail building with residential block, commercial & secure industrial properties situated around Cape Town, Durban, Johannesburg & Pretoria.

Construction of the R3,5 billion Clairwood Logistics Park will begin within the first quarter of 2016, creating much needed employment and business opportunities within the South Durban Basin.

As 2016 kicks off to a tumultuous start, perhaps one certainty is that the coastal belt from Durban North and uMhlanga through to the burgeoning Sibaya node and Umdloti is still booming.

Development at Bridge City to the north of Durban is gathering momentum with the precinct not only emerging as a key investment location but also as a strategic regional precinct and transport hub.

Delta Property Fund announced the completion of its R156 million refurbishment to the showroom and parkade leased to Combined Motor Holdings (CMH) Durban, KwaZulu-Natal’s largest Nissan dealer.

A landmark new R157 million green office development by Growthpoint Properties in Umhlanga’s booming Ridgeside precinct is nearing completion and has become Durban’s first 5-Star Green Star SA rated building.

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.

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