There are many reasons to recognise our investment growth on the KZN South Coast this quarter, as our infrastructure upgrades and investor support continue to make this an attractive destination.
Port Shepstone Mall
The highly anticipated Port Shepstone Mall officially opened its doors on 24 October 2024, solidifying this coastal town as a key business hub on the KZN South Coast. Costing an estimated R550 million, the Port Shepstone Mall is set to become the main service hub used by the entire district. The three-storey development includes underground parking, with provision for just under 24 000m2 of retail space, public facilities, and informal traders.
Serenity Hills
Just a year after the official sod-turning ceremony in 2023, the first buyers of the eco-focused Serenity Hills near Margate have taken up residence. The clubhouse has been built with investors coming from around the world to enjoy the KZN South Coast lifestyle, estate security, award-winning restaurant, community market, and high-quality homes and facilities. This is a significant milestone for the vibrant coastal estate, with momentum set to increase as more investors discover this unique residential gem. Read more about this HERE.
Umdoni Point Coastal Forest Estate
In November, the developers of the Umdoni Point Coastal Forest Estate in Pennington joined 15 other KZN businesses in pledging to invest a total of R70.8 billion over the next two years at the KZN Investment Conference in Durban. This significant commitment underscores the real estate investment potential that exists along the KZN South Coast, with the developers anticipating a surge of interest in the over-50s lifestyle development. Read the full story HERE.
Natal Portland Cement
Another pledge at the KZN Investment Conference was made by Natal Portland Cement (NPC), which is investing R1.2 billion to expand its plant based near Port Shepstone. NPC became a subsidiary of China’s Huaxin Cement after taking over the assets from Intercement, with big plans for expansion of its cement manufacturing plant set to create hundreds of jobs in the area.
Renishaw Coastal Precinct
The 1 300-hectare Renishaw Coastal Precinct in Scottburgh, one of the country’s largest developments, has celebrated a milestone with the sale of two key sites that are set to further unlock the region’s investment potential. One sale concluded was to nationally renowned Cubisol Group for the development of an upmarket shopping centre within the precinct. The second sale was to well-known local business owners, Hampsons, for the construction of a petrol filling station and convenience store. Negotiations are currently underway regarding sales for a church, hotel, and school, with further plans for recreational facilities including Padel courts.
