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July 2015
News
A
lmost 8 600 hectares of land
along the east coast of South
Africa has been earmarked for
new land conversions.
Tongaat Hulett’s commitment
of working in collaboration with all
spheres of National, Provincial and
Local Government and recognised
track-record of success through its
active community partnerships, of-
fers extremely attractive investment
opportunities in Southern Africa, at
minimum risk. The latest residential
sites to be released include eight sec-
tional title development sites at the
Planned Unit Developments (PUDs)
for 215 units in the Kindlewood Es-
brick walls, designed to complement
the natural landscape. “It also pro-
vides interesting options for investors
wishing to buy and rent out the units
as well as for residential property
developers to create a desirable living
space in smaller complexes within
the estate.”
Kindlewood Estate shares its
greater environment with the Mount
Edgecombe Country Club Estates
and is conveniently close to both the
Umhlanga Ridge town centre and the
Gateway shopping mall.
The relaxed estate life encour-
ages outdoor living. Security includes
electrified perimeter fencing, camera
surveillance and round the clock gate
monitoring.
Sustainability has been a key
feature of the development and in-
cludes water and energy efficiency
initiatives such as solar power, energy
saving electrical fittings, separating
and recycling grey and black water
to reduce water consumption and
the use of air conditioning systems
for ventilation, which require less
power than conventional systems.
Outdoors, indigenous plants have
been favoured for their lowwater ab-
sorption and underground rainwater
is harvested and reused for irrigation.
On completion the 62 hectare
gated lifestyle estate will provide
573 residential units. More than one
hundred sites have already been
sold. Msani adds that a core element
of Tongaat Hulett’s strategic vision
is to maximise the value generated
by optimum utilisation of land in the
portfolio through its conversion to the
most productive land use thereby op-
timising total real estate investment
on the land.
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Tongaat releases Kindlewood sites
Tongaat Hulett Developments has established a reputation for excellence
asoneofSouthAfrica’s leadingprivate landconversiondevelopers,having
plannedanddevelopedmorethan2000haofservicedlandforresidential,
commercial, industrial, resort andmixed-use purposes.
tate. Located on the border of Mount
Edgecombe, the fourth phase of the
estate will also offer 10 residential
sites.
According to Tongaat Hulett’s
Development Manager, Mondi Msani,
“We expect that these will be pur-
chased by several different develop-
ers.”
The estate offers tranquil, modern
living with nature on the doorstep
and green open spaces include walk-
ing paths and wetlands favoured by
a variety of birdlife. A contemporary
Natal veranda style of architecture is
characterised by green roofs and a
combinationof creamandearthy face
T
he Competition Tribunal of
South Africa has approved a
R400million land deal between
the City of Cape Town and AECI. The
acquisition of the 684 hectare piece
of land at Paardevlei in Somerset
West has been earmarked for urban
and mixed use development. This
property is one of the last extensive,
undeveloped pieces of land within
the developed footprint of the City
of Cape Town.
“This transaction is part of our
commitment tomeeting the needs of
our expanding population,” says the
City of Cape Town Executive Deputy
Mayor, Ian Neilson.
Plans for the site will require a
public participation process and will
take a number of years to develop.
“We are extremely pleased to have
concluded the deal, which was well
supported by the AECI Board of Direc-
tors. We believe that the City is the
right buyer since it is best placed to
develop the property strategically to
the future benefit of Cape Town and
its people,” says AECI’s Chief Execu-
tive, Mark Dytor.
This agreement will allow the City
to meet many of its urban develop-
ment obligations.
■
City’s land deal with AECI