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CORNUBIA PRESENTATION TO DCCI

07 August 2013

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BACKGROUND & HISTORY

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POLLUTING THE NATIONAL AIRTIME

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Tongaat Hulett = 611ha (48%)

eThekwini = 659ha (52%)

LAND OWNERSHIP

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CONTEXT /

FRAMEWORK PLAN

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Based on National Department of

Human Settlement’s Breaking New Ground initiative (BNG)

KZN & Ethekwini’s 1st sustainable integrated human settlement initiative

Integrated development :

mixed-income development with 10 000 affordable / middle income units and 15000 subsidised units

2.5 mil.m2 of commercial/industrial bulk

Full suite of Social Facilities

Largest phased mega-infrastructure Greenfields project in the province

R25 billion total investment

The prime location of the site with Durban together with the diverse mix of uses creates an ideal opportunity for the people within Cornubia and those that surround this area to access a full set of urban and economic opportunity

M41

N2

MOUNT EDGECOMBE

PHOENIX

CORNUBIA OTTAWA

WATERLOO

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THE OVERALL PLANNING FRAMEWORK Provides new framework roads integrating Cornubia Establishes Open Space corridor systems Provides for some 25 000 homes The proposed Retail Park complements the mixed use nature of Cornubia.

WATERLOO

OTTAWA

MOUNT EDGECOMBE

UMHLANGA

PHOENIX

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SUBREGIONAL CONTEXT

CORNUBIA

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MOUNT EDGECOMBE

PHOENIX

OTTAWA

WATERLOO

UMHLANGA RIDGE

R102

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SOME BASIC FACTS • 1200 hectares, 450 unuseable, 750ha developable • Largest land use is open space • 25 000 residential units (15 000 = low income) • 3.7 million m2 of combined bulk • 80ha industrial platform (max 460 800m2 bulk) • 1.2 million m2 of commercial bulk (offices, retail etc) • 50ha of mixed use development • Mix of housing typologies

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PHASE 1 – CORNUBIA INDUSTRIAL & BUSINESS ESTATE & BNG HOUSING

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INDUSTRIAL

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CIBE LOCALITY PLAN

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CIBE ARTISTS IMPRESSIONS

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CIBE AERIAL VIEWS

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PROGRESS TO DATE • 62/80Ha have been sold

(+R 2 billion investment) • Servicing and platforming

of the stands well underway

• R 202 million spent to date on internal infrastructure

• First warehouse to open for trading in November 2013

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RETAIL

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CORNUBIA RETAIL PARK PRECINCT – LOCALITY PLAN

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CORNUBIA RETAIL PARK PRECINCT - AERIAL VIEW

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• The intention is to create a high quality retail precinct and supporting activities defined by boulevards, landscaping and buildings that define the edges. •The Plan responds to the prime accessibility and visibility of the emerging corridor creating a positive interface for Cornubia.

MIXED USE 2 (HIGH INTENSITY- TOWN

CENTRE RELATED USES)

GENERAL BUSINESS

MIXED USE 1 TOWN CENTRE

GENERAL BUSINESS

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• 80 000 m2 VALUE DESTINATION RETAIL • SINGLE STAND-ALONE END-USER

NATIONAL RETAILER STORES • VISIBLE FROM M41 & ACCESSIBLE TO

FUTURE BRT ROUTE

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ARTISTS IMPRESSIONS

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ARTISTS IMPRESSIONS

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HOUSING

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HOUSING • eThekwini Municipality the developer & implementing

agent; • Project formed part of eThekwini’s slum clearance

programme. • 15 000 government subsidised housing over 7 years; • Funding from National Dept of Human Settlements &

Provincial Dept of Human Settlements, plus USDG; • HDA provided funding for land acquisition; • Construction commenced on Phase 1A (pilot) and

access road – 482 units to be complete by end August 2013;

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PHASE 1 – PILOT AREA DESIGN

Attached 4m wide Row Housing

Attached 6m wide Row Housing

8m Access Street

3m Pedestrian Lanes

Central Courtyard as focus of local community identity

6m wide paved street

Larger Park Space

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PHASE 1B

2 220 units

PHASE 1A 482 units

PHASE 1A & B (APPROVED LAYOUTS)

INDUSTRIAL

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PHASE 1A – PILOT AREA DESIGN

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11HA, 482 BNG UNITS 2-STOREY FREEHOLD PLS APPROVAL

PHASE 1 – PILOT AREA DESIGN

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PILOT – CENTRAL COURTYARD AREA

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PILOT – STREET SPACES

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Project brings substantial socio-economic benefits to the region

OUTCOMES EM COMM EM HSG T/HULETT SASA TOTAL

TOTAL INVESTMENT (R) – Services (R8bn) &

Buildings/Land (R17.8bn)

R5 160 700 R5 209 330 R14 345 220 R1 126 260 R25 839 510

JOBS

- CONSTRUCTION 77 380 78 140 215 180 16 900 387 590

- PERMANENT 10 830 0 25 540 3 460 42 830

RATES – Rm p.a. R56 160 0 R169 930 R11 530 R237 620

VAT (PERMANENT) Rm

R487 620 0 R917 410 R87 090 R1 492 120

TAX (PERMANENT) Rm – p.a

- PAYROLL R108 300 R7 350 R285 400 R34 560 R435 600

- COMPANY R348 300 000 0 R683 870 R62 210 R1 094 380

TOTAL ANNUAL REVENUE TO GOVT

Rm

R1 767 600 + VAT ONCE

OFF OF R1.5bn

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PHASE 2

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EIA PHASING PILOT

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NATIONAL PRIORITY PROJECT & SUSTAINABLE INTEGRATED HUMAN

SETTLEMENT INITIATIVE