The Renishaw Hills investment has received national recognition for its contribution to growth and development on the KZN Mid-South Coast. The thriving mature lifestyle development in Scottburgh on the KZN Mid-South Coast has been recognised by President Cyril Ramaphosa for its substantial investment contribution to the region.
The estate was among the ‘Infrastructure, Property Development and Logistics’ initiatives announced as positively contributing towards the country’s investment potential at the 5th SA Investment Conference (SAIC) at the Sandton Convention Centre on Thursday, 13 April.
A R500 Million Investment With More Growth to Come
To date, R500m has been spent on this 25-hectare Renishaw Hills out of an anticipated R1 billion. And this is just the start, as Renishaw Hills is the first development located in the 1 300-hectare, mixed-use Renishaw Coastal Precinct which will account for a total spend of around R15 billion upon completion.
The scale of the Renishaw Hills investment provides an early indication of the much broader economic and development potential planned across the precinct.
Supporting Growth on the KZN Mid-South Coast
A first of its kind in the area, and arguably one of the country’s biggest development projects currently underway, the self-sustaining Renishaw Coastal Precinct will consist of five interconnected nodes.
The precinct is expected to bring significant socio-economic benefits to local communities and the wider region. Plans include around 2,500 residential opportunities, accommodating approximately 7,500 people and creating thousands of job opportunities along the way.
Renishaw Hills forms part of Node 1 of the Renishaw Coastal Precinct, demonstrating how individual developments can contribute to the wider vision for long-term growth on the KZN Mid-South Coast.
Presidential Recognition at the SA Investment Conference
Having been congratulated on stage by President Ramaphosa, MD of Renishaw Coastal Precinct, Barto van der Merwe, said they were honoured to receive acknowledgement at this level:
“Renishaw Hills is a glowing example of what can be achieved by Renishaw Coastal Precinct, which is one of the most exciting developments in the country right now, especially considering the scale of the development. We believe this will finally unlock the economic potential of the KZN Mid-South Coast. The investment value of this precinct is immense, but we are equally excited about the incredible boost the region will enjoy through job opportunities, improved infrastructure, and increased property value.”
The recognition places the Renishaw Hills investment within a much wider national conversation around infrastructure, property development and investment-led economic growth.
Renishaw Hills Continues to Grow
Renishaw Hills, which is the first development located in Node 1 of the precinct, has already grown to accommodate more than 300 residents with R400 million in sales since it was established in 2016. Buyers have enjoyed an escalation in home value of 50% over the past five years, with the coastal lifestyle, ocean and forest views, access to conservation areas, and great facilities driving demand.
Investment With Wider Economic Potential
This development, alongside the precinct’s long-term vision, aligns with the government’s national goals of socio-economic development to create sustainable jobs, reduce poverty, and drive back inequality.
Because of the immense investor value, Renishaw Hills was announced as one of the pledges towards the Infrastructure, Property Development and Logistics sector.
The significance of the Renishaw Hills investment therefore extends beyond the estate itself. It forms part of a much larger development vision intended to attract investment, improve infrastructure and unlock new opportunities across the KZN Mid-South Coast.
“We’re excited that Renishaw Hills, and by extension Renishaw Coastal Precinct, are garnering worthwhile attention,” continued van der Merwe.
“There are so many potential investment opportunities just waiting to be explored, and the support of the President is a welcome acknowledgement that we are on track to unlocking the area’s extensive potential.”
Explore Investment Opportunities at Renishaw
The recognition of Renishaw Hills at the SA Investment Conference highlights what has already been achieved while pointing to the much larger opportunities still planned across Renishaw Coastal Precinct.
Developers and investors interested in the precinct can explore investment opportunities at Renishaw or learn more about Renishaw Hills and Node 1.
To discuss opportunities within Renishaw Coastal Precinct, contact the Renishaw team or call Barto van der Merwe on 087 135 5555. To find out more about Renishaw Hills, email info@renishawhills.co.za or visit www.renishawhills.co.za.
