The R3.6-billion Beachwood Coastal Estate development, a transformative project set to redefine the skyline of Durban North and further position the City as a premier investment destination, was officially launched by the eThekwini Mayor, Cyril Xaba.
Describing the development as a “historic milestone and catalytic project,” Mayor Xaba said the investment demonstrates that Durban is open for business and continues to evolve as a major construction hub.
“The Beachwood Coastal Estate is the outcome of what can be achieved through government and private sector collaboration. I would like to congratulate developers Edstan Group, eThekwini Municipality, and the provincial government for their partnership in bringing this project to life,” said Mayor Xaba.
The launch, on 24 October, was attended by the MEC for Economic Development, Tourism and Environmental Affairs, Rev. Musa Zondi, Co-chair of the eThekwini Presidential Working Group Mike Mabuyakhulu, CEO of Trade and Investment in KwaZulu-Natal Sihle Ngcamu, and Durban Chamber of Commerce CEO Palesa Phiri.
Beachwood Coastal Estate forms part of eThekwini Municipality’s R217-billion portfolio of catalytic projects being implemented over the next five years.
The estate introduces a new benchmark in eco-conscious living, featuring freehold stands, luxurious drive-up apartments, and opulent duplexes designed with sustainability in mind.
Currently, the development contributes approximately R3.6-million per annum in Municipal rates. Upon completion, this figure is expected to increase to around R100-million annually. During construction, the project is projected to create 1 500 temporary jobs, while 2 500 permanent jobs will be sustained once the estate is fully operational.
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