Tongaat Hulett: uMhlanga land to be sold off

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Tongaat Hulett would release 42 hectares of its prime land in uMhlanga Ridge north of Durban to an investor for a R12 billion property development, the agricultural and agri-processing company said yesterday. Tongaat Hulett holds 62ha of land in Ridgeside, part of which it plans to sell in a single transaction early next year. The land is located on the sea-facing slopes of uMhlanga Ridge and is fully zoned to accommodate 485 000m2 of mixed-use floor area. About 83 000m2 is available for offices, retail and other commercial use and 3 158m2 is set aside for residential units, including hotel and other leisure uses. The area has attracted more than R50bn in property investment since land conversions began in uMhlanga Ridge 17 years ago.

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