IOL News reports that Durban North is set for a major transformation with the launch of the R3.6 billion Beachwood Coastal Estate – a landmark development that promises to reshape the city’s skyline and boost its investment appeal.
Officially unveiled by eThekwini Mayor, Councillor Cyril Xaba on Friday, the project marks a significant milestone in the city’s ongoing drive to attract large-scale investment and stimulate job creation. The launch event was attended by key provincial and business leaders. Describing the initiative as a “historic milestone and catalytic project,” Mayor Xaba said the development was the outcome of what could be achieved through government and private sector collaboration.
Beachwood Coastal Estate forms part of eThekwini’s R217 billion portfolio of catalytic projects scheduled for rollout over the next five years. Designed with sustainability at its core, the estate will offer eco-conscious living through freehold stands, luxurious drive-up apartments, and opulent duplexes. The development is projected to create 1,500 temporary jobs during construction and sustain 2,500 permanent positions once operational, a significant boost for the local economy.
- Read the full original of the report in the above regard by Sarene Kloren at IOL News
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