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RELOCATION TO NEW OFFICES IN UMHLANGA

esponding to a strong call Nature of Business
for a flexible office space, KPMG is a global network of
RKPMG in Durban wishes to professional firms providing
announce that we have relocated Audit, Tax and Advisory services.
to our new offices at 6 Nokwe We operate in 152 countries and
Avenue, Umhlanga Ridgeside, have 189,000 people working in
Umhlanga Rocks, Durban, 4320.
member firms around the world.
The new office space is located in The independent member firms of
the heart of Umhlanga Ridgeside the KPMG network are affiliated
precinct, currently one of South with KPMG International
Africa’s most attractive mixed-use Cooperative (“KPMG
investment destinations. International”), a Swiss entity.
Each KPMG firm is a legally
The office environment distinct and separate entity and
complements our agile describes itself as such. In South
development process as we Africa, we go to market by line of
continuously work to enhance our business or industry, serving key
service offerings. sectors across the local economy

We were fortunate to find such Globally Connected, Locally
an exciting and well-served space. Relevant
We really wanted to limit the
impact that relocation could have KPMG has been operating in
on our clients and our employees. South Africa since 1895. Through
Our new location and enhanced organic growth and strategic
operational efficiencies will help mergers, the firm has grown into
us continue to grow and develop one of the largest professional
to keep pace with our clients’ services firms in the country.
needs, allowing us to provide KPMG has offices throughout
exceptional value and exceptional South Africa and is represented in
service along the way. KwaZulu-Natal. n

INNOVATIVE FINANCING PLANS ARE SETTING BRIDGE

CITY APART

ridge City is set to This 56-hectare mixed-use “The rent-to-own model has Construction of the affordable competitive interest rates,” Verbaan
become the centrepiece precinct has broken numerous never been tried here before, housing development, covering says. “We are also committed to
Bof an affordable housing moulds, partnering with the but it’s the ideal way to broaden nearly two hectares in the North processing applications as speedily
development that will see more City of eThekwini to create ownership while promoting the West corner of Bridge City, will be as possible, with qualifying
than 350 units being developed a polycentric urban metro ideals embodied in Bridge City as undertaken by property developer customers able to move into their
with the first ones being up that balances the needs of the an urban concept.” Calgro M3, with the Chartwell own home within two weeks of
for sale towards the end of residential, commercial and In partnership with the City, Group offering financing. applying.”
next year. This new residential industrial markets. Tongaat Hulett has redefined how The 356 apartments, selling
project will also introduce a “We’re very excited about the astute spatial planning can have from R529 000, are all two- Construction on the site is
first of its kind, rent-to-buy opportunity to help people own positive socio-economic benefits. bedroom, one-bathroom units set to commence in the middle
financing model that will a home through an innovative The affordable housing project with open plan living areas. of this year, with occupation
further reshape the landscape approach to home financing,” furthers that ambition by making expected some 15 months later.
that Bridge City has already says Matthew Verbaan, Executive quality, affordable housing Quality finishes include granite Verbaan says Chartwell will start
kitchen tops, ceramic tiles,
started to transform. Director of Chartwell Group. available to new residents. burglar bars, security gates and accepting applications in the third
quarter of the year and notes that
built-in bedroom cupboards in tremendous interest has already
the main bedroom. been received from people aware
Verbaan says the rent-to-own of the development.
financing option is designed for The interest shown even at these
aspirant home owners who are early stages is understandable
not quite able to afford full loan given the context of Bridge City
repayments. as a mixed use precinct that
“We therefore offer aspirant caters to commercial, retail
home-owners a three-year period and industrial customers. The
in which to achieve ownership housing development is a short
status,” he explains. “They do distance from the 48 000m2
this by exercising an option to Bridge City shopping centre,
buy at the end of that period. The while the precinct also includes
purchase price is fixed upfront a 500-bed regional state hospital
and all rentals paid in the three- which will open in 2019, a
year rental period are considered regional magistrate’s court
payment toward the eventual and a 150-bed private hospital.
purchase price.” In addition there is a major
transport node which includes an
Home buyers can also choose underground rail station and bus
a 20-year instalment sale, which rapid transport (BRT) terminus
carries the same ownership rights for the GO!Durban Integrated
as a traditional mortgage loan Rapid Public Transport
from a bank. Network (IRPTN) which will

“In addition, we offer noteworthy greatly enhance Bridge City’s
An aerial view of Bridge City. Construction of the affordable housing development will be positioned in the far left of the
photograph fairly close to the Shopping Centre. benefits such as zero deposit and connectedness. n

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