Cornubia Town Centre

Developments within the Cornubia Integrated Catalytic Development

About Cornubia

Cornubia is a joint venture between the National and Provincial Departments of Human Settlements, eThekwini Municipality and Tongaat Hulett Developments. Cornubia is set to be eThekwini and the Province’s largest sustainable integrated Human Settlement initiative.

It is a 1 300 ha, multi-billion rand project, on what was an almost totally greenfields site, in a prime location; and will be a mixed use, mixed income development, incorporating industrial, commercial, residential and open space uses. The development offers a number of strategic opportunities where high-intensity, mixed-use precincts are ready for development.

The following is a breakdown of some of the developments within Cornubia*, offering various strategic business and investment opportunities:

Cornubia Town Centre 

  • Site Area: 43 Hectares
  • Developable: 25 Hectares
  • Zoning: Mixed Use

Overview

With the Cornubia Mall now open, key pieces of regional infrastructure now complete or nearing completion and with services under construction, the precinct is ripe for development and ideally suited for an alternative, structured single transaction.

Demand Drivers
  • High-intensity urban mixed use.
  • Prime mid-market and affordable residential neighbourhood.
  • Premium and A-grade offices and BPO facilities.
  • Opportunity for city hotels.
  • High-intensity transit oriented development based on road and public transport accessibility.
  • High visibility and accessibility showroom and destination retail.
Commercial Transactions
  • Investment packaged opportunity being completed as engagement with selected national institutional investors continues around a single, structured transaction.
Societal Value Creation
  • Major impact in linking surrounding communities.
  • Sales to date include significant black economic empowerment transactions.
  • Anticipated to yield over 3 000 well located, affordable and mid-market high density
    residential units.
  • Expected to generate over 8 000 permanent jobs with a total investment value of over R12-billion.
Development Progress (November 2017)
  • Main arterial through precinct under construction to link the upgraded Flanders Drive interchange to the N2 and GO!Durban bridge to uMhlanga Ridge Town Centre.
  • Primary service infrastructure in place.

Contact Invest Durban to enquire about investment opportunities in this development or for the latest updates on project progress.


Cornubia uMhlanga Hills

  • Site Area: 68.5 Hectares
  • Developable: 43 Hectares
  • Zoning: Residential

Overview

Its superb location opposite the new Cornubia Mall on the municipality’s GO!Durban IRPTN network has resulted in nearly 70 percent of the precinct being sold in a short
space of time for affordable housing and urban amenity uses. There is also substantial interest in the remainder of the precinct.

Demand Drivers
  • Affordable medium to high-density residential, with associated urban amenities
  • Transit-oriented development possibilities
  • Affordable education serving surrounding residential
  • Retirement
Commercial Transactions
  • 29 Developable hectares sold over the last period on two large affordable housing opportunities by listed national developer and an affordable national branded school.
  • Two remaining packages also for affordable housing under negotiation to wholly owned black developers.
Societal Value Creation
  • Umhlanga Hills will facilitate the ultimate delivery of more than 2 000 affordable residential units into the Greater uMhlanga Region. The delivery of this high density transport oriented development, will further ensure the viability of eThekwini Municipality’s integrated rapid public transport network (Go!Durban). This is in line with the municipality’s vision for the development of the city.
  • The sale of the school site will facilitate the delivery of an affordable private school into the region.
Development Progress
  • Adjacent infrastructure complete including the upgraded Flanders Drive interchance and Dube East providing access to the new Cornubia Mall and into the precinct.

Contact Invest Durban to enquire about investment opportunities in this development or for the latest updates on project progress.


Cornubia Blackburn Extension

  • 14 Developable hectares
  • Zoning: Residential

Overview
  • High-density affordable, well-located residential.
  • Adjacent to high-end residential suburb (Izinga) and N2 Business Estate.
  • Formal collaboration agreement with wholly black owned development company providing for the detailed community based layout planning that is underway and including adjacent municipality owned land.
Demand Drivers
  • Affordable neighbourhoods, medium to high-density residential, with associated urban amenities.
Commercial Transactions
  • Transaction pending completion of detailed planning and layout finalisation together with feasibility.
Societal value creation
  • Upgrading and integration of the existing neighbouring informal settlement will form part of the development plan, thereby improving the lives of over 2 500 families living in the area currently, and facilitate a truly integrated inclusionary, mixed-use neighbourhood.
  • The development of an affordable residential neighbourhood immediately adjacent to new employment opportunities being created.
Development Progress
  • EIA Approved.
  • Detailed layout plan ongoing.
  • Extension of and linkage into services currently being installed for N2 Business Park.

Contact Invest Durban to enquire about investment opportunities in this development or for the latest updates on project progress.


Cornubia N2 Business Park

  • 2 Developable hectares
  • Zoning: Mixed Use

Overview

Last remaining opportunty along the N2 commercial corridor with construction of adjacent platforms nearly complete by Fortress Income Fund/Giuricich.

Demand Drivers
  • Warehousing, logistics, industrial, business parkmanufacturing and big box retail
Commercial Transactions
  • Strong market interest pending formalisation of consolidation of adajcent property to optimise commercial opportunity.
Societal value creation
  • Mixed commercial land use, in close proximity to existing and planned residential neighbourhoods.
Development Progress
  • All rights in place. Construction of primary road that will provide access well advanced, linking to the uMhlanga Ridge Town Centre, N2 and M41.

Contact Invest Durban to enquire about investment opportunities in this development or for the latest updates on project progress.


 

*For the most current update on opportunities, project progress, outstanding actions and investment requirements, please contact Invest Durban.