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Umhlanga Ridgeside - Inspiring Investor Confidence

With more than 220 000 square meters of bulk already transferred and key construction projects well underway, those who invested early in Umhlanga Ridgeside are smiling as the development continues to progress at a pace in line with land developer Tongaat Hulett’s expectations.

“Precinct 3 is sold out and we have released another 230 000m2 of commercial and residential bulk in Precinct 1,” said Tongaat Hulett Director, David Jollands.

“Construction work on the surrounding roads and intersections is proceeding well and the new M41 intersection has significantly improved traffic flow in the area.”

The four-phased Ridgeside development, consists of 140 ha of land creating a triangle bordered by Umhlanga Rocks Drive, the M4 and M41, that links Gateway, La Lucia Ridge Office Estate, The Manors, Lower La Lucia and Umhlanga Rocks Drive. It is ideally positioned along the busy North Coast corridor - 15 km north of the Durban CBD and harbour and 10 km south of King Shaka International Airport.

The development, which offers residential, retail and leisure opportunities, and has included major improvements to the road infrastructure in the area, is expected to create 125 000 jobs over the 10 year development period.

Contrary to a generally slow moving property market, Precinct 3 is moving ahead briskly with vacant commercial land opportunities amounting to 100,000m2 of bulk taken up over a period of three years. Investec, Vodacom and BDO have made Ridgeside their KZN home, and in the development sector, Zenprop, JT Ross Construction, Maponya, ERIS and a consortium headed up by FWJK Quantity Surveyors have been quick to stake their claims.

The sea facing aspect of all sites is a strong attraction as are the sites’ orientation relative to the sun, the cool Indian Ocean breeze, the incorporation of natural coastal forest elements in the planning, and Tongaat Hulett’s track record for delivery of well managed, environmentally sound developments.


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