Media Coverage

Ridgeside development in Umhlanga expanding The bu

Ridgeside development in Umhlanga expanding The burgeoning growth and sustained demand for brand new, high-quality commercial property in the Umhlanga area of KwaZulu-Natal's north coast is borne out by ongoing development in Ridgeside office park. With prime ocean views and located over the road from the successful La Lucia Ridge Office Estate, this development is conveniently bordered by the M4, M41 and Umhlanga Rocks Drive - offering easy access to major routes. "One of the most recent buildings completed in Ridgeside office park - at a total cost of some R36 million - is a 1 800 m2, AAA-grade building in which a local investor has already purchased an entire floor. This transaction was concluded by JHI Properties leasing and sales broker Chantal Williams," says Rob Moran, regional director for JHI Properties. "With 14 buildings - including two green buildings - already either completed or well under construction, there are many others to follow, mostly tenant driven and with a few being built for end-users as well as investors seeking corporate tenants," adds Williams. "Brand new, flexible and secure office space in varying sizes from 60 to 2 000 m, is also available elsewhere in Ridgeside with a generous tenant installation allowance." 40

COMMERCIAL AND INDUSTRIAL PROPERTY NEWS 01 Sep 2011 Page 22 - 12 Oct 2011