A FRI C A SECOND FASTEST GROWING REGION IN THE WORLD SOUT H A FRICA AFRICA’S INDUSTRIAL AND FINANCIAL POWERHOUSE KWAZULU-NATAL HOME TO SOUTH AFRICA’S SECOND LARGEST ECONOMY DU RBA N -SIBAYA HOME TO THE BUSIEST PORT IN AFRICA AND NUMBER ONE DOMESTIC TOURISM DESTINATION IN SOUTH AFRICA o 29 41’11.72” S o 31 05’58.61” E DURBAN-SIBAYA OWN YOUR PIECE OF AFRICA AFRICA SOUTH AFRICA KWAZULU-NATAL DURBAN-SIBAYA NEXT Contents MESSAGE OF SUPPORT 01 MESSAGE OF SUPPORT 02 AN EXQUISITELY UNIQUE LOCATION 04 DESTINATION SIBAYA 06 THE SIBAYA INVESTMENT OPPORTUNITY 08 INTRODUCING TONGAAT HULETT 10 WORKING IN PARTNERSHIP WITH GOVERNMENT 20 SIBAYA DEVELOPMENT PLAN 22 TONGAAT HULETT ACTUALISING VALUE FOR THE LAST 20 YEARS Durban is one of the fastest growing cities in Africa and it is the quest of the eThekwini Municipality to make this the most caring and livable city on the continent by 2030. ENDORSEMENT OF A NOTABLE INVESTMENT DESTINATION This is without doubt a bold, though an entirely achievable vision. ENGAGE WITH US We are intent on accelerating the pace of development, making Durban more attractive and accessible to investors and to fast-tracking local economic growth, thus becoming the stimulus for meaningful and sustainable employment creation. We are indeed fortunate to have in place a solid foundation from which to embark upon this development intensification initiative. Durban is home to South Africa’s second largest economy and the busiest port in Africa, is the country’s top domestic tourist destination, has a strong agricultural sector and a rapidly expanding IT environment, all complemented by an enviable lifestyle and an idyllic subtropical climate. 24 His Worship, the Mayor of eThekwini Municipality, Durban, Cllr James Nxumalo This is the gateway to subSaharan Africa, offering first-world infrastructure, excellent investment opportunities and a major multi-modal logistics platform. A central function of the eThekwini Municipality is to make available infrastructure which will support the growth of our local economy, the fruits of which have afforded access to additional tracts of land, allowing for the further development of industrial and commercial services and amenities and - importantly residential facilities. This is especially evident in the key growth node of the Dube TradePort, Africa’s first purpose-built aerotropolis and home to King Shaka International Airport - equipped to land the Airbus A380 strategically important Northern Urban Development Corridor, inclusive of such prioritised projects as Cornubia, Dube TradePort and Bridge City, as well as a host of private sector residential and mixed-use schemes. We do concede that the ultimate realisation of our vision of growing the economy and meeting the qualityof-life aspirations of our citizens and investors is wholly dependent on our ability to work effectively in partnership with the private sector, Government and other stakeholders. Working together, planned, efficient and accelerated development becomes the reality we all desire. In this regard, the city’s public-private partnership with Tongaat Hulett is assisting to facilitate the economic and urban integration of formerly marginalised areas to the north of the city. This is a private company which is actively implementing a property development approach which is integral to the economic growth of our region; an approach which is contributing to increased investment, infrastructure and employment creation in key areas around Umhlanga, Ballito and King Shaka International Airport. I can safely say that this has grown to become a partnership of choice for the sustainable socio-economic advancement of infrastructure, housing and employment and the overall local economy. Now Tongaat Hulett is pursuing a development a little to the north of Umhlanga and just 25km from the Central Business District which provides for integration between urban development and the natural environment. This is known as the Sibaya Development. This development is creating a new urban identity and way of life for residents and visitors alike, instituting a unique work-live-and-play lifestyle on our city’s doorstep. Ethekwini Municipality applauds this initiative and regards it as a crucial driver in the pursuit of the development of the region, the growth of the local economy and a catalyst for vital regional employment creation. This partnership is a reminder that little is possible working in isolation. On behalf of all the people of eThekwini, I am pleased to endorse the active support by several like-minded organisations, such as Dube TradePort Corporation, Trade & Investment KwaZulu-Natal and Tourism KwaZuluNatal. The Municipality, through its various departments, such as Durban Tourism and Investment Promotion, will continue to play a leading role in positioning our City for sustainable growth. By drawing on the skills and complementary services of all these players, I am confident that Sibaya and other socio-economic projects taking shape in our Northern Urban Development Corridor will give considerable impetus to the economic growth of our region. I wish all those involved every success in the promotion of and investment in the Sibaya Development. Cllr James Nxumalo Mayor of eThekwini Municipality, Durban 1 BACK | NEXT CONTENTS Sibaya, characterised by a dominant ridge, hilltop and valley landform, nestles comfortably on Durban’s north coast and is bordered by the Ohlanga River and the Hawaan Forest in the south and the M27 arterial road in the north. It stretches from the spectacular seafront in the east to the N2 highway in the west. AN EXQUISITELY UNIQUE LOCATION OWN YOUR PIECE OF AFRICA... The development is bisected by the M4 freeway and situated centrally within the precinct is the Province’s premier casino complex, Sibaya. 2 3 BACK | NEXT CONTENTS DESTINATION SIBAYA AFRICA SOUTH AFRICA KWAZULU-NATAL DURBAN SIBAYA The continent is the second fastest growing region in the world. South Africa straddles the southern-most point of Africa and is the continent’s industrial and financial powerhouse. The country is a member of the BRICS (Brazil, Russia, India, China, South Africa) group of major emerging economies and a gateway to the Southern African Development Community (SADC) and Africa. South Africa, with a stable democratic Government and political environment, drives economic growth with its first-world infrastructure, sophisticated financial systems, logistics and technology. South Africa’s second largest economy vests in KwaZulu-Natal, a region boasting two of Africa’s major seaports, which handle more than 63% of all South African sea cargo. The Province is home to Dube TradePort, the heart of an emerging aerotropolis, centered around King Shaka International Airport, 30km north of central Durban and forming part of a regional economic development strategy to unlock economic growth, job creation and investment. The city of Durban (eThekwini Municipality) is South Africa’s second most important economic region, with the port of Durban at its core. Primary economic activities include manufacturing, finance, transport and trade. Stunningly beautiful Durban, ‘The warmest place to be’, is the country’s leading domestic tourist destination, attracting increasing international attention with its year-round warm weather and sub-tropical climate. The development provides for an inter-connected mixed-use - though predominantly upmarket residential - lifestyle, maximising unique natural conditions, whilst remaining responsive to environmental sensitivities. The vision is for a compact urban development, enhancing sustainability by reducing the spatial footprint of the development, reinforcing the natural landscape with open space and reflecting a departure from conventional urban sprawl. • Home to eight of the world’s fastestgrowing economies between 2000 and 2013 • Continent’s GDP of more than $2 trillion in 2013 is larger than India’s • Africa’s industrial and financial powerhouse • Trade gateway to SADC region and the rest of Africa AFRICA SOUTH AFRICA 4 • Second largest economy in South Africa • Ongoing investment in Durban’s port 50-year expansion path - and Dube TradePort and King Shaka International Airport - 60-year Master Plan - driving growth of aerotropolis, or airport city • Two of Africa’s biggest and busiest seaports • Two World Heritage Sites - the uKhahlamba-Drakensberg Park in the Drakensberg mountains and the iSimangaliso Wetland Park, at St Lucia • Population: 10,5 million • GDP: R322,2 billion (2012) KWAZULU-NATAL • Home to the biggest international convention centre in Africa and voted the best for the past 12 years • South Africa’s leading domestic tourist destination • Extensive first-world road, rail, sea and air infrastructure • Population: 3,5 million • GDP: R210,1 billion (2012) • Sibaya comprises five development nodes and is 750 hectares in extent • The development includes the only remaining significant pristine coastal dune forest, outside the iSimangaliso Wetland Park, in KwaZulu-Natal. DURBAN-SIBAYA 5 BACK | NEXT CONTENTS THE SIBAYA INVESTMENT OPPORTUNITY Tongaat Hulett’s Sibaya venture integrates urban development with the natural environment, creating an idyllic new urban identity and way of life for residents in a laid-back setting, just 25km north of central Durban. 7KM TO AIRPORT 25KM TO DURBAN With its undulating topography, Sibaya gives rise to a new coastal node which includes residential, commercial and office development, together with recreational and entertainment opportunities. The development provides for a vibrant and inter-connected mixed-use - though predominantly upmarket residential lifestyle, maximising the area’s unique natural conditions, whilst acknowledging and remaining responsive to environmental sensitivities. urban sprawl. In forging Sibaya’s spatial identity, a strong natural resource base is to be developed, bringing together the existing rich natural assets - sea, river and forest which define Sibaya, as part of the open space system. INDIAN OCEAN SIBAYA These natural components are critical to Sibaya’s pursuit of a unique work-live-play lifestyle and is based on combining the best of both urban and natural environments. Sibaya comprises five development nodes and is 750 hectares in extent, inclusive of the Hawaan Forest, rich in flora and fauna and the only remaining significant pristine coastal dune forest, outside the iSimangaliso Wetland Park, in KwaZulu-Natal. The vision is for a compact urban development, enhancing sustainability by reducing the spatial footprint of the overall development, re-inforcing the natural landscape with generous open space and reflecting a departure from conventional 6 7 BACK | NEXT CONTENTS INTRODUCING TONGAAT HULETT Tongaat Hulett is a leading Johannesburg Stock Exchange-listed company and is based close to Durban, the biggest city on Africa’s eastern seaboard. An acclaimed agricultural and agriprocessing business, Tongaat Hulett focuses on the complementary feedstocks of sugarcane and maize and, through its sugar and starch operations, produces a range of refined carbohydrate products. industrial, resort and mixed-use purposes. The company owns some 8 000 hectares of prime land in the key growth corridors of Durban and the north coast; areas experiencing rapidly accelerating infrastructural development and real estate investment. In addition to its ongoing agricultural activities, the company has developed a significant land portfolio. A key value driver is its proven ability to transform agricultural land into some of the most superior real estate investment areas in South Africa. In collaboration with key stakeholders, the company is uniquely positioned to take on projects on a massive scale. Tongaat Hulett’s development arm has established an enviable 20-year trackrecord of excellence as one of South Africa’s leading private land developers. It has been responsible for the planning and development of sizeable tracts of serviced land for residential, commercial, TONGAAT HULETT PRESENTS A STRATEGICALLY UNIQUE OPPORTUNITY AT SIBAYA SIBAYA, LINKED TO KEY TOURISM, ECONOMIC AND INFRASTRUCTURE ASSETS TONGAAT R102 DUBE TRADEPORT • Home to King Shaka International Airport • Largest infrastructural project in KZN • 60-year master plan 43 SIBAYA 10 MIN Premier casino in KwaZulu-Natal GATEWAY BALLITO N2 Largest shopping centre in the southern hemisphere FAIRMONT The only Fairmont in South Africa M4 10 MIN 30 MIN MOSES MABHIDA STADIUM UMHLANGA ZIMBALI Home of the Tom Weiskopf Golf Course Host of the 2010 FIFA World Cup semi-final 25 MIN 20 MIN INDIAN OCEAN DURBAN HARBOUR N2 Warm sub-tropical waters o ±28 C warm water Busiest port in Africa 30 MIN FUTURE ROADS RAILWAY LINES M4 NATIONAL ROADS PROVINCIAL ROADS R102 PROVINCIAL ROADS 2 MIN 8 9 BACK | NEXT CONTENTS WORKING IN PARTNERSHIP WITH GOVERNMENT for Best Practice development, investment and economic growth solutions Tongaat Hulett works in close collaboration with both the KwaZulu-Natal Provincial Government and eThekwini Metropolitan Local Government structures, as well as local stakeholder organisations, inclusive of Dube TradePort Corporation and Trade & Investment KwaZulu-Natal, service providers and customers in order to deliver and facilitate superior property development and investment opportunities and to drive the region’s economic growth. In partnering with such bodies, Tongaat Hulett implements global best practice so as to create relevant, holistic environments in which people are able to safely and productively: • Invest; • Live; • Work; • Play; • Pray; and • Learn. These opportunities range from individual sites to mega transactions. Dube TradePort provides a world-class, integrated trade and air logistics platform designed to stimulate economic growth in the Province of KwaZulu-Natal. Trade & Investment KwaZuluNatal is a South African-based investment promotion agency responsible for promoting the Province of KwaZulu-Natal. Within the Province of KwaZulu-Natal, the city of Durban’s investment arm, Durban Investment Promotion, facilitates growth and investment. Savills plc, is a global real estate services provider listed on the London Stock Exchange. South Africa, inclusive of Durban and KwaZulu-Natal, is an active participant in the BRICS association of major emerging national economies. 5th Avenue is a commercial real estate service provider operating in South and sub-Saharan Africa. Pam Golding Properties recognised locally and internationally as Southern Africa’s leading independent real estate group. Tourism KwaZulu-Natal is the leading tourism authority in the province of KwaZulu-Natal. The organisation is responsible for the development, promotion and marketing of tourism into and within the province. 10 11 BACK | NEXT CONTENTS REASONS TO INVEST #1 CLOSE PROXIMITY TO KING SHAKA INTERNATIONAL AIRPORT AND THE NEARBY VIBRANT COMMERCIAL HUB OF UMHLANGA 12 13 BACK | NEXT CONTENTS REASONS TO INVEST #2 INCOMPARABLE VIEWS EXCEPTIONAL 180° SEA VIEWS 14 15 BACK | NEXT CONTENTS reasons to invest #3 Idyllic Lifestyle in a sub-tropical climate direct access to durban’s golden beaches 16 17 BACK | NEXT contents reasons to invest #4 Nature on the Doorstep Urban living in an environmental paradise - the Hawaan Forest, one of the last remaining pristine coastal dune forests in KwaZulu-Natal 18 19 BACK | NEXT contents N2 M27 7KM TO KING SHAKA INTERNATIONAL AIRPORT M4 AY A SIBAYA DEVELOPMENT PLAN 05 SIB The mixed-use Sibaya development comprises five nodes. M4 PRESENT TOWN OF UMDLOTI UMDLOTI INDIAN OCEAN 01 05 NODE M27 SIBAYA CASINO It is envisaged that the development will be made-up of predominantly residential units - generally resort-style in nature, complemented by an office park, hotels, conference and entertainment facilities and social amenities, such as educational institutions and recreational components. Node One: Node one boasts 49,6 developable hectares of land and has the potential to include 1 140 residential units, 130 hotel rooms and 65 800 square metres of commercial space. Total bulk: 362 000m 2 All statutory approvals are already in place for nodes one and five, which enjoy exceptional 180° sea views. Node Five: Node five provides 76,7 hectares of developable land and makes provision for 1 185 residential units, 490 hotel rooms and 37 900 square metres of commercial activity. Total bulk: 385 500m 2 Node one is located east of the M4 highway and Sibaya Casino and node five, situated immediately north of node one, and bordered by the M4 and the M27 to the north and the coastal town of Umdloti to the east, provide for high-density residential, limited commercial and hotel development opportunities. 20 25KM TO DURBAN 76,7 1 185 490 37 900M² DEVELOPABLE HECTARES RESIDENTIAL UNITS HOTEL ROOMS COMMERCIAL 01 NODE 49,6 1 140 130 65 800M² 21 DEVELOPABLE HECTARES RESIDENTIAL UNITS HOTEL ROOMS COMMERCIAL 21 BACK | NEXT CONTENTS Tongaat Hulett Actualising Value for the last 20 years Tongaat Hulett has the requisite past performance and expertise to create the lowest risk opportunities for real estate investment and development across its portfolios to initiate long-term value for its stakeholders. The company has an outstanding planning and development track-record and adheres to international-standard best practice. During the past 20 years, the company has facilitated the creation of numerous worldclass developments, inclusive of: •Country Club Estates; •Coastal Resorts; •Office Estates; •Town Centres; •Industrial and Business Estates; and •Casino and Entertainment Developments. With the identification of further developable tracts of land within Durban’s primary growth corridors and with the advent of the emerging aerotropolis 30km north of the city, Tongaat Hulett has the potential to transform land for new industrial, office, retail, residential and resort development. This is a clear indication of Tongaat Hulett’s business ethos of value creation for all stakeholders through its all-inclusive approach to growth and development. This represents unequalled new investment opportunities in the Durban region. These developments are all located on KwaZulu-Natal’s north coast and have been significantly instrumental in the growth and development of the Durban metropolitan area. A number of Tongaat Hulett’s developments have been planned and executed in collaboration with Provincial and/or Local Government structures and/or international joint venture partners. 22 23 BACK | NEXT contents Endorsement Of A Notable Investment Destination Durban, the biggest city on the east coast of Africa, has emerged as a highly credible and desirable investment destination. investment confidence in durban Global Confidence: Acclaimed global technology leader, Samsung Electronics, recently selected Dube TradePort, north of Durban in KwaZulu-Natal to open a major manufacturing plant. Business HQs: Durban selected for the corporate headquarters of: •Unilever; • Spar; •Aspen Pharmacare; and •Mr Price. Continental Manufacturing Hub: Leading motor vehicle manufacturer, Toyota, selected Durban for its South African manufacturing hub. World-class Infrastructure: Durban selected as a 2010 FIFA World Cup semi-final host city, played at the iconic Moses Mabhida Stadium. Accolade: CNN has listed Durban as one of the Top 10 Most Underrated Cities in the World. 24 25 BACK | NEXT contents own your piece of Africa, Sibaya o 29 41’11.72” S o 31 05’58.61” E 26 BACK | NEXT contents Engage with us To own your piece of Africa, talk to Tongaat Hulett - a partner organisation which totally understands the local environment and which has actualised significant value for stakeholders during the past 20 years. Michael Deighton | Managing Director Cell: +27 (0) 83 262 6699 Email: [email protected] Tel: +27 (0) 31 560 1900 Rory Wilkinson | Planning Director Cell: +27 (0) 83 278 4299 Email: [email protected] Tel: +27 (0) 31 560 1926 Daniel von Barloewen | Associate Director Cell: +44 (0) 7807 999 193 Email: [email protected] Tel: +44 (0) 20 7016 3812 Val Purves | Executive Cell: +27 (0) 83 450 4278 Email: [email protected] Tel: +27 (0) 31 560 1900 Sithembiso Mthembu | Development Executive Cell: +27 (0) 60 560 2804 Email: [email protected] Tel: +27 (0) 31 560 1925 Mark Latham Cell: +27 (0) 72 053 9797 Email: [email protected] Tongaat Hulett Developments | Fax: +27 (0) 31 571 0690 www.tongaat.com BACK contents
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