New sales at Renishaw Coastal Precinct spark massive economic reawakening of KZN Mid South Coast

Recent sales at 1, 300-hectare Renishaw Coastal Precinct have set off a chain reaction of development that will benefit local businesses, surrounding communities and outside investors, further igniting the economic reawakening of the KZN Mid-South Coast.

On the morning of Wednesday, August 7, stakeholders gathered at the Scottburgh-based site to celebrate these milestone developments and showcase how they will drive community growth and unity.

Considered one of the country’s biggest developments underway, the first of the precinct’s five interconnected nodes has already seen the successful development of Renishaw Hills, a mature lifestyle village with around 350 residents and R400 million in sales, where property values have surged by 60 percent since 2016. The first six phases have already been constructed and are occupied, with only 7 of the 210 remaining. Once fully developed, Renishaw Hills will have more than 500 units.

“The finalisation of further deals within Renishaw Coastal Precinct indicates that we’re showing value for investors, and realising our vision for the economic revival of the KZN Mid South Coast. We consciously chose to work with local businesses because we want to supplement and enhance the existing structures to attract even further interest in the region. We don’t want to be in direct competition but are rather taking a holistic approach, working together to build the KZN Mid-South Coast. This means more job opportunities for local residents and more customers for local businesses,” commented Barto van der Merwe, MD of Renishaw Coastal Precinct.

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New growth drivers at Renishaw Coastal Precinct

Shopping centre

Two deals have been already finalised with local businesses. The first is for the construction of an upmarket shopping centre, roughly 10 000m2, backed by Cubisol Property Fund, with mixed-use zoning allowing for potential apartment blocks. This is the precinct’s first commercial development, and with the local Scottburgh Mall one of Cubisol’s assets, the company understands the local market and recognises the potential for its future growth.

Petrol filling station

The second deal is for a petrol filling station, convenience store, and fast-food drive-through located at the main Renishaw entrance circle on Dududu Road. This will be developed by well-known local business owners, Hampsons, which started and still runs the first petrol station in Scottburgh.

The location and zoning of both these sites were carefully considered. Found at the entrance to the precinct just off one of the main arterial routes in and out of Scottburgh, they are easily accessible to travellers and local communities. Furthermore, they are located only about 100m from the N2 Interchange, a full diamond intersection that allows one to get on and off the N2 north and south, giving both developments great exposure to the N2.

Potential developments for Renishaw Coastal Precinct

Church

Developers are currently in negotiations around the establishment of a new church which will provide spiritual support and a sense of community, enhancing the area’s appeal and fostering a more vibrant, cohesive neighbourhood alongside retail and convenience amenities.

School

Developers are also in advanced discussions that will see the area welcome a new school. Starting with early childhood development and building up to high school, this will significantly influence the area and impact potential property buyers’ decisions when considering Renishaw Coastal Precinct.

Padel

A further two investors are currently bidding on an opportunity to develop two padel courts within Node 1. If successful, these in-demand recreational facilities will be ready for use within the next six months.

Hotel

Node 4, located close to the well-known Crocworld Conservation Centre, has been earmarked for Leisure developments with all forms of holiday accommodation. There is already an international hotel group showing strong interest in establishing a hotel in this space.

Renishaw Coastal Precinct is backed by Renishaw Property Developments, a subsidiary of the JSE-listed Crookes Brothers Limited, and its property development partner, Crocker Properties.

Developers are committed to continuing the legacy established by Crookes Brothers Limited in the region which is one of community upliftment, inclusivity, and sustainability.