Investment opportunities in the GIBA Business Estate development

Giba Business Estate development

Project background

The Developer, Sultex Holdings is a group of local Durban businesspersons who are collectively undertaking this prestigious project. Sultex Holdings is a black-owned company with a level one BBBEE score.

The company has employed a professional team, led by Nathoo Mbeyane Engineers and Re-Invent Property Development Managers, which led to the successful commencement of this project.

The project seeks to rejuvenate and further develop Giba Business Park, supporting the eco-tourism aspect of Giba Gorge, whilst having a massive social impact on the local informal community. These impacts support both the job market, whilst increasing business opportunities for the logistics industry and SMME light industrial sector.

The Developers are committed to the eThekwini region, and their massive investment in this project is testimony to their confidence in the region.

Economic sectors

• • Light Industrial
  • Warehousing
  • Logistics

Project description

The Giba Business Estate development is situated south of the Mariannhill Toll Plaza, along the N3 freight and logistics corridor (Durban-Johannesburg).

The Project is aligned with the National Development Plan (NDP) which encourages developments along the N3 corridor that promotes freight and logistics to take advantage of the Port of Durban and the existing road network.

• Development size: 20 hectares (200,000 square meters).
• Phase 1: Construction of 22 platforms and engineering services roads, water, on-site sewer package plant, electricity.
• Phase 2: Top structures.

Investment value

• • The total capital investment for the development is about R1.9-billion.
  • It is estimated that the direct benefits to the City through rates revenue will be in excess of R23-million into the city coffers per annum for the first year of commissioning, increasing to R46-million in the second year and could rise to R69-million in the third year.
  • Will contribute an additional R137.9-million in GDP to KwaZulu-Natal Province.

Sources of funding

• Private Development

Incentives available

• Possible rates rebates.

No. of jobs to be created 

• Approximately 492 jobs in the construction phase.
• Approximately 4 661 permanent jobs post-construction.

Project Status¹

Implementation:

• • TIA, EIA, SPLUMA approvals obtained.
  • Contractor established on site on the 3rd of July 2023 to commence construction of platforms and engineering services.

Watch VIDEO: GIBA Business Estate Progress, May 2024

GIBA Business Estate Progress

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Regulatory requirements of the project

• Building applications.

Unblocking issues needed to be resolved

• None at this stage

Partnerships

• Council resolves for the City to collaborate with the Developers for the implementation of road and water engineering services in order to facilitate this development (Council Decision 11/12/2023).

Investment Opportunities

• Turnkey Development Opportunities
• Investor Opportunities
• Logistics & Warehousing
• SMME Opportunities
• End User Opportunities

Contact the project team:

To find out more about any of these investment opportunities, please contact the investment facilitation team: