Largest private-sector development in KZN
Every few years Mhlanga – one of the biggest growth nodes in the country – alters its skyline in dramatic fashion. And 2015 was one of those years.
Oceans Umhlanga is a R3,1bn collaboration between Vivian Reddy of Edison Power Group and Rob Alexander of Ducatus Property Group. To date it’s the single largest private-sector development in KwaZulu-Natal.
The mixed-use development covers 90,000m2 of prime Umhlanga Village land. It has two residential towers of 460 apartments and a retail tower named Ocean Mall. Reddy has confirmed super-brands such as Burberry, Versace, Armani, Boss Orange and Paul Smith.
Four architectural practices are on board – Elphick Proome, LYT, Ruben Reddy and Ravi Jhupsee Architects. The apartments have entry-level price tags of around R1,6m, soaring 28 storeys up to R60m for a double penthouse.
Marketing and sales is by DevMark Global, whose local success stories include the record sell-out of The Pearls and Zimbali Suites.
DevMark MD Piaras Alvarez has experience in Dubai, the Middle East and Asia. “We have learned how to market and sell in a way that’s more cost-effective than has typically been done in South Africa. We cover a wider gamut of functions than an estate agent, and we share our mandates with all other estate agencies,” he says.
DevMark’s Oceans Umhlanga sales event is on 26 March.