Project summary
- Investment value: R4.2-billion
- City contribution: R150-million
- Developer contribution: R4.2-billion
- Investor: Oceans uMhlanga Pty (Ltd)
- Start and finish date: 2008–2068
- Jobs created: 21 200 temporary and 10 300 permanent
- Annual revenue: R34.4-million (rates)
Progress to date:
- Land preparation in terms of rezoning, building planning complete
- Construction on the buildings started on site in Apr 2017, was put on hold and resumed in Jan 2021
- Engagements with the City underway with regards to transport infrastructure upgrades required to support the development and broader node
Next Steps (12 months) *
- Completion of Phase 1 of the development (Hotel & Retail)
- Finalization of a way forward on the Road Upgrades and Public Transport Facility
- Engagements are currently underway with relocation of the temporary taxi rank
*At time of publication
More information:
Potential investors, kindly send a short introduction & message for attention of the project promoters and investment facilitation team, using the name of the project – Oceans Umhlanga – in your subject line. Thank you!
