The in the norther corridor of etm compressed 190814

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Durban Chamber of Commerce and Industry - Northern Area Business Forum - 19 August

"The current and future projects in the Northern area" Presentation by: Bheki Shongwe - Planning Executive: Tongaat Hulett Developments.

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The in the norther corridor of etm compressed 190814

  1. 1. VALUE CREATION FOR ALL STAKEHOLDERS
  2. 2. • Own Developments – Izinga, URTC, Kindlewood and Mount Edgecombe Golf Estates. • Partnerships with the Local Authority – River Horse Valley Business Estate, Bridge City & Cornubia • Mega Deals / Transactions – Cornubia Phase to eThekwini Municipality, Airport Region to DTP, URTC IHS Residential and Ridgeside P1 & 2 42 ha
  3. 3. • 75 ha Site along Mount Edgecombe Drive • EIA and Zoning in place for the whole area. • 46 ha Developable & 28 Undevelopable / Active & Passive Open Spaces • Gated Residential development of different typologies • Divided into 5 Phases • Two Phases sold out and occupied as well as under Construction • Third Phase about 80% sold • Last two Phases still to be launched.
  4. 4.  Four Phased Development with a Gross site extent of 140ha  Gross Environmental Sensitive Area of 40 ha  High Density Mixed Use Development with 250 000m2 of commercial bulk, 3 000 residential units and 80 000m2 of mixed use  Precinct 3 sold out  Half of Precinct 1 under construction  Mega Transaction opportunity in P1 and P2 (42 ha)  Additional rights required in P4  Estimated Value of R10bn
  5. 5.  Oval sites (URB) remaining in Commercial mixed use (additional rights required)  BRT Station proposal on Oval Sites – partnership opportunity  Municipality owned land issue  Residential - sold out - additional rights required through EIA & PDA  Estimated Value of development = R10bn
  6. 6. Phase 1 of the overall Cornubia Dev. CIBE 67 ha platform sold in 2 years ( 2 buildings completed and occupied Pilot Phase 1A =482 Houses now completed (80% occupied) Phase 1B = 2 220 units earthworks have commenced SED Framework currently being Implemented.
  7. 7. Site Extent approximately 35 ha 170 000 m2 floor area commercial 85 000m2 purchased by Investec – for retail purposes Earthworks have commenced on Investec portion – opening in September 2017
  8. 8.  Node 1 & 5 – full environmental and Planning Development Rights  Opportunities for Residential and Resort development  125 developable HA considered for a Mega Transaction to an international investor  Node 4 final stages of EIA = 103 developable HA for offices, & Residential
  9. 9.  Mega transaction being considered for the balance of the site approx. 85 000m2  Opportunities for Business Park Uses
  10. 10.  Environmental Approval in place as part of Cornubia Phase 1  PDA Application been submitted for a 15, 8 Ha with 12. 5 HA developable  1st opportunity for Private Sector housing provision in the Cornubia Area  Opportunities for a Mega Transaction for middle income housing being considered
  11. 11.  Phase 2 of the overall Cornubia Development  Currently in the EIA stages  Joint Planning with ETM  Expansion of City Housing and TH middle income and market related houses as well as Mixed Use opportunities  N2 Business Park demand likely to be the 1st Phase
  12. 12.  Located to the north of Cornubia South, west of N2 & east of Waterloo  Extension of Cornubia South as part of the Integrated Human Settlement Model  Major Housing opportunity as well as some Industrial / Business Opportunities  Still in the EIA Stages and engagements on Framework Planning with eTM
  13. 13. Situated in the northern portion of eThekwini Municipality, west of the DTP and KSIA, south of Tongaat. Mixed use development comprising industrial, residential and future town centre node as part of broader Aerotropolis – major housing opportunity Development Potential : 200 hectares of industrial and logistics 20 000m2 commercial bulk 7500 residential units 300 ha open space Potential for Mega Deal / Transaction Estimated Value of Investment – R36bn Current status – EIA well advanced stages
  14. 14.  Integrated Human Settlement Development opportunity  Industrial/Business/ Commercial in noise contour adjacent to N2  Wide range of housing opportunities (5 existing informal settlements)  Still in the early EIA stages
  15. 15.  Situated north of the R614 on the western edge of Tongaat  Range of low to middle income housing opportunities – approx. 6 000 units  Still in the early stages of the EIA
  16. 16.  Situated to the north of Tongaat on the R102 and inland Ballito – 318 HA Site  Industrial, mixed used and office and business park uses  Development Potential :-  60 000m2 of mixed use,  1 300 000m2 of industrial  380 000m2 of office/business park  97 HA Open Space  Potential for a Mega Deal  Estimated Value of Investment – R16bn  Current status –  Final Stage of EIA  PDA been submitted
  17. 17. OPPORTUNITIES Alignment of plans with government spatial planning like the NUDC Partnerships with government – case of Cornubia – plan of hope Aerotropolis opportunities DEAT Aerotropolis Strategy for the area between Uhlanga and Balitto as core Parnerships with ETM / DCCI/ Growth Coalition/ DTP and TH CHALLENGES Bulk Infrastructure Service Provision ( electricity, Sewer, Roads etc) Act 70 of 1970 Consent from DAFF WULA from DWA ETM resilience planning in the northern entity investigating the ecological infrastructure and biodiversity integrity of the area – resulted in EIA’s being stopped for sometime Environmental issues like wetlands Service Level Agreements (SLA) case of KDM

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