Financial Data
Updated 05 Dec 2020

Largest private-sector development in KZN

Every few years Umhlanga – one of the biggest growth nodes in the country – alters its skyline in dramatic fashion. And 2015 was one of those years.

Property Professional, 26 April 2016  Share  0 comments  Print

All the answers to your unique business lifestage questions

Oceans Umhlanga is a R3,1bn collaboration between Vivian Reddy of Edison Power Group and Rob Alexander of Ducatus Property Group. To date it’s the single largest private-sector development in KwaZulu-Natal.

The mixed-use development covers 90,000m2 of prime Umhlanga Village land. It has two residential towers of 460 apartments and a retail tower named Ocean Mall. Reddy has confirmed super-brands such as Burberry, Versace, Armani, Boss Orange and Paul Smith.

Four architectural practices are on board – Elphick Proome, LYT, Ruben Reddy and Ravi Jhupsee Architects. The apartments have entry-level price tags of around R1,6m, soaring 28 storeys up to R60m for a double penthouse.

Related: Six international real estate trends for 2016

Marketing and sales are handled by DevMark Global, whose local success stories include the record sell-out of The Pearls and Zimbali Suites.

DevMark MD Piaras Alvarez has experience in Dubai, the Middle East and Asia. “We have learned how to market and sell in a way that’s more cost-effective than has typically been done in South Africa. We cover a wider gamut of functions than an estate agent, and we share our mandates with all other estate agencies,” he says.

This article was originally published on Property Professional

Rate It12345rating

About the author

Property Professional

Introducing the bank’s advice for new entrants to farming

Considering going into farming? Head of Agribusiness, Nico Groenewald gives top advice on common mistakes to avoid and how to overcome the barriers to entry in agribusiness.

Login to comment