Page 7 - KZN Business Sense 3.4

KZN

KwaZulu-Natal
Business Chambers Council
MEGA-PROJECT CREATES NEW DIMENSION FOR

PROPERTY DEVELOPMENT GIANT

industrial, commercial and industrial park has the potential to Naidoo said the high-end market units, is set to commence in the
Craigen Naidoo -
Shree Property residential development within an create up to 2 000 sustainable jobs, on Durban's north coast was rst quarter of 2018, setting the
Holdings emergent business and which will make a sizeable impact saturated and that the company scene for the potential
manufacturing hub which is in the surrounding community," was, therefore, focused on establishment of joint ventures
attracting signicant migration said Naidoo. targeting the 'gap market' - low to between Provincial and Local
levels. middle-income earners - on a Government structures and the
He stressed that the 80 000m large scale. private sector.
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"With Greater Durban's commercial element of the
potential for substantial business Woodmead project would "We aim to open the door to a "We want to deliver decent
growth, we had the vision to introduce large-scale retailers to new community in this area with a living establishments, giving
recognise that Woodmead was the area, benetting both the mega housing project which will dignied ownership to ordinary
enable some 4 000 middle-income
people and to make such dwellings
KwaDukuza Municipality and
perfectly positioned, close to
W excellent air and road transport numerous low to middle-income housing opportunities at more liveable by cost-eectively
Woodmead in a phased approach,"
consumers in the region. e
routes, to meet the business
introducing so-called high-end
ith
added.
environment.
living."
facility with a 25 000m retail
the foresight to look beyond the community's every need," Naidoo intention is to provide a strip-mall Naidoo said of the fully serviced benets, such as gated community
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prevailing recessionary trends, space under roof. A newly
Durban entrepreneur, Pran Shree, e industrial component, developed taxi rank, constructed "e KwaDukuza Municipality "At the end of the day, the
is set to mark his property called Pran Park - Shakaskraal, is a by the KwaDukuza Municipality, has provided the necessary primary objective of Shree
development enterprise's 10th 250 000m serviced 'Greeneld' will be attached to this infrastructural inputs and has in Property Holdings is to contribute
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anniversary by breaking ground site, with seven platforms available commercial precinct, providing place plans for schools and clinics. meaningfully to the upliment of
on a mega mixed-use project at for industrial development and is Woodmead residents and Local Government here has been the Shakaskraal community and to
Shakaskraal, in the heart of poised to unlock new industrial commuters from surrounding most supportive of our create many sustainable, new
Durban's Northern Urban opportunities, the ideal response areas access to a vital transport development plans," added employment opportunities in the
Development Corridor. to Government initiatives to node. Naidoo. area," Naidoo maintained.
kick-start the further growth of
Commenting, Craiglen Naidoo, the local manufacturing sector in Launching its residential Construction of the 200 000m
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Operations Manager for Shree the quest to create large-scale new property development initiative, phase one, bringing on-stream 400
Property Holdings, said: "is, our employment opportunities.
latest project, introduces a new
dimension for our company, with Shree Property Holdings has
our rst venture into the already secured its rst tenant,
residential property development leading stainless steel cookware
arena in South Africa, and a manufacturer, Inoxa Industries,
commitment to bringing and is developing a customised
on-stream some 4 000 low to 25 000m facility under roof on a
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middle-income dwellings within 50 000m site. e business will
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the next ve to seven years." employ some 500 people when
fully operational.
Although a company rst in this
country, Shree Property Holdings "With our commitment to
is experienced in the eld through exibility and with the capacity to
its residential interventions in the oer full turnkey development
United States of America. solutions, land for purchase or
leased premises, Shree Property
e new project, located at Holdings is entertaining
Woodmead in the KwaDukuza encouraging enquiry levels
Municipality's Shakaskraal area, regarding manufacturing sites at
50km north of Durban, comprises Pran Park - Shakaskraal and this
ITHALA ADDS FASHION FUSION TO GROWING LIST OF TENANTS
T here is no reason why position as the second largest store in Ulundi and I thoroughly Fashion Fusion is currently the to an in-house Talent
landlord in KZN with over one
Management School based in
out-of-town fashionistas
enjoyed my time spent shopping
fastest growing independent group
should not enjoy global
brands at a leading fashion million square metres of industrial at the branch.” which continues to thrive in four Durban which oers training for
provinces – KwaZulu-Natal,
and commercial space and hence,
employee development, coaching
chainstore – hence the opening of we are ideally placed to service the Six contract employees, 12 Gauteng, Eastern Cape and and personal growth to enable
a Fashion Fusion store at Ondini various business sectors temporary marketing employees Western Cape. Aer visiting their progress.
Shopping Plaza in Ulundi has throughout the province.” and six youth were employed for Eshowe, Jozini and Empangeni we
caused a buzz. the week of the grand opening. were convinced that Ulundi was Ithala Properties portfolio of
is asset base has enormous the best suited location for the industrial and commercial
is is the latest addition of potential to support key provincial Rashid Amir, Fashion Fusion branch as there is huge demand property assets provide essential
retail stores to Ithala Development development initiatives in line Regional Manager, said: “e for the clothing industry in the infrastructure for manufacturing,
Finance Corporation’s tenant mix with government’s Provincial grand opening of our rst store in area.” retail and other business activities
at the northern KwaZulu-Natal Growth and Economic Ulundi was a resounding success throughout KwaZulu-Natal.
shopping complex. Development Strategy which and we are grateful for the Amir said the branch’s eight
places the development of SMMEs immense support from locals. permanent employees have access
Ithala is a pioneer in at the forefront of economic
establishing shopping centres and development.
industrial estates in remote
regions of KZN and seeks to bring Residents from in and around
development and retail facilities Ulundi ocked to the grand
closer to communities, thereby opening of the store where order
accelerating regional spatial had to be called as queues could
equity, economic growth and job no longer be identied.
creation.
An elated shopper amsanqa
“e opening of the rst Ngcobo said she was extremely
Fashion Fusion store at one of our excited to have been at the
retail centres reinforces our opening of Fashion Fusion as the
commitment to ensuring that our store caters for both male and
tenant mix meets the evolving female styles.
needs of the communities we
serve,” said Nkosinathi enjini Buthelezi said: “I
Nhlangulela, Ithala Properties eagerly waited for the doors to
Executive. “Ithala arms its open at the rst Fashion Fusion

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