Umlazi Mega City, Umlazi Durban

Overview

Project Manager of the Umlazi Mega City retail shopping centre that has with 28 035 m2 of lettable area located on the M30 at the entrance to Umlazi close to Durban International Airport. The centre is the first major retail development in Durban located in a township area and with a strong representation of national retailers including, inter alia, Spar, Woolworths, Mr. Price and Edcon. The development was sold to SA Corporate Real Estate and commence trading in March 2006. Responsibilities include:
 Development and implementation of Project
Economics and Legal Structures
 Preparation of Development Information and Due Diligence Pack
 Review of Project Legal and Planning Compliance
 Identification of investors and negotiation of sale transaction
 Financial advisory
 Commercial legal advisory and contract drafting
 Management and Forecasting of Project Development Cash Flows during Construction Phase and
 Coordination of the retail letting agents leasing process and achievement of target rental revenue

Services

Project details
  • Client: Umlazi Mega City
  • Project Status: Centre trading successfully

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