Post on 16-Apr-2017
VALUE CREATIONFOR ALL STAKEHOLDERS
• Own Developments – Izinga, URTC, Kindlewood and Mount Edgecombe Golf Estates.
• Partnerships with the Local Authority – River Horse Valley Business Estate, Bridge City & Cornubia
• Mega Deals / Transactions – Cornubia Phase to eThekwini Municipality, Airport Region to DTP, URTC IHS Residential and Ridgeside P1 & 2 42 ha
• 75 ha Site along Mount Edgecombe Drive
• EIA and Zoning in place for the whole area.
• 46 ha Developable & 28 Undevelopable / Active & Passive Open Spaces
• Gated Residential development of different typologies
• Divided into 5 Phases
• Two Phases sold out and occupied as well as under Construction
• Third Phase about 80% sold
• Last two Phases still to be launched.
Four Phased Development with a Gross site extent of 140ha
Gross Environmental Sensitive Area of 40 ha
High Density Mixed Use Development with 250 000m2 of commercial bulk, 3 000 residential units and 80 000m2 of mixed use
Precinct 3 sold out
Half of Precinct 1 under construction
Mega Transaction opportunity in P1 and P2 (42 ha)
Additional rights required in P4
Estimated Value of R10bn
Oval sites (URB) remaining in Commercial mixed use (additional rights required)
BRT Station proposal on Oval Sites – partnership opportunity Municipality owned land issue Residential - sold out - additional rights required through EIA & PDA Estimated Value of development = R10bn
Phase 1 of the overall Cornubia Dev.CIBE 67 ha platform sold in 2 years ( 2 buildings completed and occupiedPilot Phase 1A =482 Houses now completed (80% occupied)Phase 1B = 2 220 units earthworks have commencedSED Framework currently being Implemented.
Site Extent approximately 35 ha170 000 m2 floor area commercial85 000m2 purchased by Investec – for retail purposesEarthworks have commenced on Investec portion – opening in September 2017
Node 1 & 5 – full environmental and Planning Development Rights
Opportunities for Residential and Resort development
125 developable HA considered for a Mega Transaction to an international investor
Node 4 final stages of EIA = 103 developable HA for offices, & Residential
Mega transaction being considered for the balance of the site approx.
85 000m2 Opportunities for Business Park Uses
Environmental Approval in place as part of Cornubia Phase 1 PDA Application been submitted for a 15, 8 Ha with 12. 5 HA developable 1st opportunity for Private Sector housing provision in the Cornubia Area Opportunities for a Mega Transaction for middle income housing being considered
Phase 2 of the overall Cornubia Development
Currently in the EIA stages
Joint Planning with ETM
Expansion of City Housing and TH middle income and market related houses as well as Mixed Use opportunities
N2 Business Park demand likely to be the 1st Phase
Located to the north of Cornubia South, west of N2 & east of Waterloo Extension of Cornubia South as part of the Integrated Human Settlement
Model Major Housing opportunity as well as some Industrial / Business
Opportunities Still in the EIA Stages and engagements on Framework Planning with eTM
Situated in the northern portion of eThekwini Municipality, west of the DTP and KSIA, south of Tongaat.
Mixed use development comprising industrial, residential and future town centre node as part of broader Aerotropolis – major housing opportunity
Development Potential :200 hectares of industrial and logistics20 000m2 commercial bulk7500 residential units300 ha open space
Potential for Mega Deal / Transaction
Estimated Value of Investment – R36bn
Current status – EIA well advanced stages
Integrated Human Settlement Development opportunity
Industrial/Business/ Commercial in noise contour adjacent to N2
Wide range of housing opportunities (5 existing informal settlements)
Still in the early EIA stages
Situated north of the R614 on the western edge of Tongaat
Range of low to middle income housing opportunities – approx. 6 000 units
Still in the early stages of the EIA
Situated to the north of Tongaat on the R102 and inland Ballito – 318 HA Site
Industrial, mixed used and office and business park uses
Development Potential :-
60 000m2 of mixed use, 1 300 000m2 of
industrial 380 000m2 of
office/business park
97 HA Open Space
Potential for a Mega Deal
Estimated Value of Investment – R16bn
Current status – Final Stage of EIA PDA been submitted
OPPORTUNITIES
Alignment of plans with government spatial planning like the NUDCPartnerships with government – case of Cornubia – plan of hopeAerotropolis opportunitiesDEAT Aerotropolis Strategy for the area between Uhlanga and Balitto as coreParnerships with ETM / DCCI/ Growth Coalition/ DTP and TH
CHALLENGESBulk Infrastructure Service Provision ( electricity, Sewer, Roads etc)Act 70 of 1970 Consent from DAFFWULA from DWAETM resilience planning in the northern entity investigating the ecological infrastructure and biodiversity integrity of the area – resulted in EIA’s being stopped for sometimeEnvironmental issues like wetlandsService Level Agreements (SLA) case of KDM