Page 8 - KZN Business Sense 3.5

KZN

KwaZulu-Natal
Business Chambers Council
A DECADE OF OPTIMISING PROPERTY SOLUTIONS

W ith a decade of industrial stranger to the residential scene,
having already been involved in a
property development
behind it, Shree
interventions in the United States
Property Holdings is poised again number of successful residential
for still greater diversication in of America.
both the South African and
international property space. e project, located at
Woodmead in the Shakaskraal
According to Pran Shree, area, 50 km north of Durban,
Operations Manager for the comprises industrial, commercial
company, Shree Property and residential development
Holdings is set to mark its within a fast-emerging business
landmark 10th anniversary in and manufacturing hub. Already,
business with a move to inltrate the project is attracting signicant
the commercial and residential interest from those looking to
property sectors. locate close to King Shaka
International Airport and on
e company, already a major transport routes.
recognised leader in developing,
leasing and managing AAA-grade Shree stressed: "Durban is
new generation industrial showing great appetite for
warehousing solutions, connecting business growth, but with land at a
blue-chip clients to key logistics premium, we had the vision to
supply chain nodes regionally, recognise Woodmead's potential
nationally and internationally, is as the future direction of business
set to make a R220 million development here." L - R: Pavan Shree, Annisha Shree, Pran Shree, Sanan Shree
investment in a 4-star Green
Rated commercial development in
Ridgeside, adjacent to the
upmarket Umhlanga Ridge Town
Centre.
"is, the company's rst foray
into the commercial sector which
will bring on-stream a 6 500
square metre development, known
as Pran Boulevard, forms the
foundation for our business
diversication strategy," said
Shree.
Pran Boulevard, an iconic new
addition to the burgeoning
Umhlanga Ridge skyline, is being
developed in the upper-most
quadrant of Ridgeside, a superior
sea-facing piece of real estate and
one of South Africa's most
sought-aer urban development
nodes. e multi-storey structure
provides exceptional premium
oce space and is to be anchored
by a leading professional service
company and one of South
Africa's Big-4 auditing rms. It
oers two oors of 600 square
metres available to the business
community. It will also become
the property giant's new
headquarters.
Shree Property Holdings is not,
however, resting on its
diversication laurels and is set to
commence work on a mega
mixed-use project at Shakaskraal,
strategically positioned in the
heart of Durban's burgeoning
Northern Urban Development
Corridor. is, the company's
latest project, creates yet another
dimension for a company on the
move.

"is will be our rst venture
into the South African residential
property development sector and
our commitment is to establish
some 4 000 low to middle-income
dwellings in the next ve to seven
years," added Shree.

Although an ambitious
company rst in this country,
Shree Property Holdings is no

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