A lion’s pride
Sol Kerzner's new business venture
On an estate where Sol Kerzner used to spend time with his family and friends, some exclusive ecofriendly homes are being developed
Sol Kerzner, the man who built SA’s most successful hotel group, is putting bricks on mortar again, only this time it’s not hotels, but residential property. The 81-year old "Sun King", best known for hotels and resorts around the world — including building Sun City in Pilanesberg in the 1980s and the US$1.5bn Atlantis in the Bahamas in the mid-1990s, as well as the One&Only chain — is developing 44 top-end homes on part of his sprawling estate in Leeukoppie. Kerzner bought the 10ha property, nestled between Hout Bay and Llandudno, south of Cape Town, in 1983 for R2.25m. Today, 34 years later, that amount would barely buy a one-bedroom apartment in Sea Point, just 10km down the road. In an interview with the Financial Mail, Kerzner detailed why he’s now going into the housing business. "It’s been a home, a place that I shared with my family and friends since 1983. I’ve loved and enjoyed it. Probably because I’m no longer involved in the business [of hotels] I thought it would be fun...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.