Construction World January 2015

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CONSTRUCTION WORLD JANUARY 2015
PROJECTS AND CONTRACTS
While a total of five nodes make up
the first phases of the mixed-use
Sibaya development, nodes 1
and 5 are being prepared for
marketing within the next few months. Node
One consists of 50 developable hectares
and is located east of the M4 and Sibaya
Casino. Node Five comprises 76 developable
hectares and is situated immediately north
of Node One and bordered by the M4, the
International launch of
SIBAYA MEGA PROPERTY
Tongaat Hulett has embarked on a new chapter in its land
conversion activities with the appointment of Savills (UK) in
association with 5th Avenue and the Pam Golding Property Group
to launch Sibaya Nodes 1 and 5 real estate opportunities to an
international market.
M27 to the north and the coastal town of
Umdloti to the east.
The appointment of international real
estate services provider, Savills, to market
the two properties highlights the potential
that this unique landholding offers. With
global headquarters in London, LSE-listed
Savills, together with 5th Avenue and Pam
Golding, offers a leading, global platform for
the launch of this unique property.
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In the fast-growing and well-established
northern development corridor of Durban,
boasting 180° sea views, a backdrop to
extensive natural coastal forests and within
easy reach of the King Shaka International
Airport, the development possibilities for
these two Sibaya nodes include major new
resorts in conjunction with lifestyle resi-
dential accommodation, upmarket offices
and developments suited to the leisure and
hospitality industry. Hotels, conference and
entertainment facilities, retail and recrea-
tion facilities would complete the picture.
“Tongaat Hulett envisages Sibaya as a
unique play-live-work lifestyle that is based
on bringing together the best of both urban
and natural environments. These oppor-
tunities lend themselves to organisations
possessing global expertise and bold vision
to maximise their enormous potential,”
notes Mike Deighton, Tongaat Hulett’s exec-
utive responsible for property development.
“Durban has seen tremendous expan-
sion in recent years, with the construc-
tion of the new international airport and
Dube Trade Port being real statements of
intent from the Government and Local
Authority to attract international invest-
ment to the region.” commented Daniel von
Barloewen, head of Savills International
Development Consultancy
“The Sibaya site provides an opportunity
to deliver a new destination for Durban to
attract international investors, hotel opera-
tors and businesses. Savills is delighted and
privileged to be partnering with Tongaat
Hulett in helping shape the future of the
region and attract global investors,” he said.
“Found in the rapidly-expanding North
Coast, a mere 8 km north of Umhlanga and
25 km from the Durban city centre, these
properties are expected to attract signif-
icant investment into the region,” states
Zamo Gwala of Trade & Investment KwaZu-
lu-Natal, “and TIKZN would be available to
provide assistance and resources to any new
entrants to the market.”
Mike Deighton concludes, “The Sibaya
precinct presents a powerful proposition for
a catalytic impact on the region.
“Situated within an emerging Aero-
tropolis, there is an appreciation of the
vast socio-economic needs within this
broader region and Tongaat Hulett believes
that new international investment into
Sibaya will provide a substantial boost to
the development necessary to address these
challenges, enhancing the region’s global
presence and branding.”