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.
South African shopping centres are truly world-class, says Amanda Stops, CEO of the South African Council of Shopping Centres (SACSC), who believes the increase in international retailers entering the market is good for the industry and consumers.
In light of the increasing need for skills development and transformation in the property sector, SAPOA delved into industry skills at its Annual International Convention and Property Exhibition in Durban.
The winners of the annual SAPOA Innovative Excellence in Property Development Awards were announced at the Annual SAPOA International Convention and Property Exhibition from the 19th to 21 May 2015 in Durban.
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