A number of new property developments are turning KwaZulu Natal’s north coast into one of SA’s major growth nodes. Agri-processing business Tongaat Hulett is largely driving the boom Billions of rands are being poured into new developments in the once-sleepy seaside villages of Umhlanga and neighbouring Umdloti and Ballito, positioning the KwaZulu Natal (KZN) north coast as one of SA’s key growth nodes.The opening of King Shaka International Airport at La Mercy in 2010 has been a major catalyst for new money flowing into the region, with a number of large corporates — including Investec, Vodacom, FNB, Illovo Sugar and EY — relocating their head offices to Umhlanga in recent years. Retail and residential development has followed suit.In fact, about 277,000m² of new retail space — nearly twice the floor space of Sandton City — is likely to come on-stream on the north coast over the next two years, says Theresa Terblanche, Broll Property Group’s director for the coastal region. That in...
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