CITY’S
PROACTIVE LAND RELEASE STRATEGY UNLOCKS MASSIVE OPPORTUNITIES
SIGNIFICANT
gains have been made under the City’s Land Release Strategy, which falls under
the umbrella of the Property Valuations and Management Directorate which is led
by Thapelo Mmusinyane.
Highlighting
these achievements is the City’s Five-Year Service Delivery Milestones campaign
being rolled out under the theme: Asimile Siyaqhuba: Resilience Through
Adversity. The campaign highlights transformative efforts that have shaped
service delivery during the 2021 to 2026 term of office.
The
Land Release Strategy was implemented in 2021, and stands as a proud enabler of
empowerment, economic impact and success, particularly along Durban’s
Beachfront. The strategy aims to enable growth through partnerships, stimulate
investment, support small business development, all while advancing spatial
transformation.
The
beachfront has evolved into one of South Africa’s most compelling urban
economic success stories where design, data, and development work together to
generate measurable financial value.
Durban’s
experience challenges the notion that public spaces are cost centres. They are,
in fact, city-scale revenue generators driving measurable returns through
rates, rentals, and reinvestment. The promenade’s consistent visitor growth,
coupled with a strengthened trading mix, demonstrates how thoughtful urban
design can turn municipal assets into engines of inclusive economic growth.
Between
2018 and 2025, monthly footfall along the promenade has grown from an average
of 770 000 visitors to more than 1.3 million. In 2024, the precinct recorded
14.5 million visitors, the highest annual total ever measured. By mid-2025,
year to-date counts had already exceeded 11.7 million. These are volumes
comparable to the country’s top regional malls.
A
shining example is the old Circus Circus, which was renovated to a stunning
fusion of Africanism and Art Deco and is now the Durban Beach Café. The vision
of this establishment was to create an iconic tourism destination restaurant
while capturing the spirit of the City. The existing Joe Cools building, a 1700
m² structure that has served the beachfront for over four decades, has reached
its functional limit. The data now supports its replacement with a new 4000 m²
building, a modern, glass fronted development with expanded terraces,
upper-level dining, and flexible event zones designed for year-round
activation.
Additionally,
the City has received a R1 billion commitment from the Southern Sun Hotel Group
to redevelop the iconic Maharani and Elangeni Towers. The billion-rand capital investment
will be broken down to R622 million on the upgrade of the Elangeni and
Maharani, R157 million on movable assets and R348 million on two additional
hotels owned by the same entity. This is in line with a functionality
requirement that required bidders to further invest on the Durban beachfront
precinct.
Another R5 million will be invested towards
the development of the Sunken Garden, which is a municipal park on the
beachfront. Just a stone-throw away from these hotels, will be the
billion-rand, breathtaking Durban Amusement Park, which was announced in
December 2025. The project is being led by a Durban based, 100 percent black
owned firm with more than 17 years’ experience in delivering large-scale urban
development projects. The development is expected to create approximately 900
construction jobs and over 500 permanent jobs in operations, hospitality,
technical services and entertainment programming.
The
City has also recently released various strategically located properties across
Durban with a combined market value exceeding R360 million, covering 18
hectares. These properties represent a diverse mix of industrial, commercial,
mixed-use, and hospitality opportunities.





No comments:
Post a Comment