A strong precinct management system has played a strategic role in the success of the Cornubia Industrial and Business Estate (CIBE).
Karen Peterson, Development Director at Tongaat Hulett Developments, confirmed that only one property out of 40 remained unsold.
This large, seven-hectare property is best suited to a single, large investor and she said that Tongaat Hulett Developments was actively pursuing a user that would develop a facility that would occupy the entire site and offer significant employment opportunities for the local community.
The R25-billion mixed-use Cornubia development was planned in line with sustainable development principles and designed to evolve into KwaZulu-Natal’s largest mixed-use, mixed income, fully-integrated human settlement.