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Construction of a landmark affordable housing project at Bridge City is due to start within weeks, marking another step toward realising the development’s bold vision.

In a research study commissioned by Tongaat Hulett and conducted by GIW Consulting (Pty) Ltd, director Graham Wood says following an analysis of STR Global's independent metrics of the Umhlanga Hotel market, several interesting conclusions arose.

Over a 12 year period, Zimbali has attracted investment in excess of R5bn and fully realised the vision of Tongaat Hulett and IFA Hotels & Resorts, the joint venture partners responsible for the development since 2003.

Tongaat Hulett is inviting offers for its last remaining stands at the Umhlanga Ridge Town Centre

With previous offerings virtually sold out, the last available residential estate investment opportunity in the Umhlanga Ridge area is opening up for an astute developer.

Tongaat Hulett says it has concluded a deal with a local black-owned company, through the sale of prime land at its Cornubia Business Hub in KwaZulu-Natal.

Thursday, 27 March 2014 15:09

Tongaat Hulett takes flak over land sales

Tongaat Hulett shareholder believes the group is taking the wrong tack as it battles the 'strong headwinds' facing sugar producers.

Tongaat Hulett will release 42 of the remaining 62 hectares of Ridgeside, its iconic development on Umhlanga Ridge,to the market as a single transaction in the first quarter of 2014. 

The inter-governmental, multibillion Rand Cornubia Development, situated north of Durban, is underway and has just received a major boost after the South African National Roads Agency Limited (SANRAL) agreed to fund the bulk of R830 million N2/M41 interchange.

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