It has been another productive quarter on the KZN South Coast as we continue to engage with local businesses and further explore the many ways we can collaborate on unlocking the region's vast investment potential. One area of significant focus has been property development, which is changing the face of the entire KZN South Coast.
I took the time to meet with the two local developers behind the impressive Renishaw Coastal Precinct and Umdoni Point Coastal Forest Estate. It was inspiring to hear how they have committed to increasing investment to the region, boosting local job creation, and positioning the KZN South Coast as a key real estate capital.
The scale of these developments is impressive, and the attention they are garnering – both domestically and from abroad – is indicative of the high demand for affordable coastal properties with high return on investment. Umdoni Point Coastal Forest Estate in Pennington has completed Phase 1, with Phase 2 currently underway. This will see more than 800 homes built in this estate where 72% has been retained for a conservation area.
A similar sentiment echoes across the 1,300-hectare Renishaw Coastal Precinct in Scottburgh, where some 80% will be retained for conservation use. Phase 1 of the development consists of Renishaw Hills – the first of five interconnected nodes that will make up this impressive precinct. Deals have already been finalised for the construction of a petrol station and convenience centre, as well as an upmarket shopping centre. Negotiations are also underway to build a church, school, hotel, and recreational facilities that will boost the profile of the region.
These are just two of the developments currently being constructed in our region, with the likes of Injabulo Lifestyle Estate, Serenity Hills, and Bahari Bay also attracting significant investment. We also welcome the construction of a new Checkers store in Port Shepstone. These developments will undoubtedly be further supported by government’'s ambitious plans to ramp up infrastructure through public-private partnerships, with new legislation supporting such collaborations and breaking red-tape barriers.
From our side, through our One Stop Shop and Buy Local Membership, we too will continue to reduce barriers to local investment in the region, and showcase exactly why now's the time to invest in the KZN South Coast!
