Durban welcomes the launch of HQ Sibaya, a R250-million commercial office development in the Sibaya Coastal City precinct, as a significant investment in the city’s economic growth.
Devmco Group, the master developer of the Sibaya region, launched the 7 000 square metre premium office development on Tuesday, 10 November. The development is situated along Heleza Boulevard, between uMhlanga, uMdloti and King Shaka International Airport. It forms part of the continued development of Sibaya into an integrated mixed-use urban node which combines residential, commercial, retail and lifestyle uses.
According to the developer, the project is projected to generate about R500-million in total economic output, based on National Treasury’s economic multiplier. The development is also expected to increase the municipality’s rates base by an estimated R8-million a year.
The developer projects that about 750 temporary jobs will be created during the construction phase, with a further 20 permanent jobs once the facility is fully operational. According to the developer, 75 percent of the available space has been sold, and full occupancy is expected within the first year after completion.
Speaking at the launch, City Manager Musa Mbhele said the development reflected the city’s commitment to facilitating investment-led growth and creating sustainable economic opportunities.
Mbhele said: “HQ Sibaya represents far more than a new office development. It is an investment in the future of our City and a catalyst for economic growth. Projects of this nature attract business, create employment, expand the municipal rates base and strengthen the competitiveness of our regional economy. Through strategic partnerships with the private sector, we are building vibrant, mixed-use urban environments that support investment, innovation and long-term prosperity.”
Schalk Theunissen, Managing Director of Devmco Group, said HQ Sibaya was an important next step in establishing a more complete coastal city.
Theunissen said: “HQ Sibaya marks the start of the commercial node and creates further opportunities for people to work and live within one coastal city. As Sibaya continues to develop, each new component strengthens the wider vision of creating an integrated environment where residential, commercial, retail and lifestyle uses work together.”
Construction of the top structure will begin once earthworks are complete. The development is scheduled for completion in the fourth quarter of 2027.
Durban remains committed to working with private-sector partners to attract investment, support job creation and advance its vision of becoming Africa’s most caring and liveable City by 2030.
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