Retirement Precinct set to add 'significant investment' to the KZN mid-South Coast
Boasting one of the country’s most incredible coastlines, a beautifully temperate climate and vast natural splendour, the KZN mid-South Coast has a wealth of investor potential. And, the impending launch of the Renishaw Coastal Precinct, a Scottburgh-based developpment, will see this incredible potential unlocked.
The 2.5million m2 mixed-use coastal development – including commercial, retail, light industrial, medical and educational components - will be undertaken by Renishaw Property Developments, alongside its shareholders Crookes Brothers Limited, and its property development partner, Crocker Properties. Renishaw Property Developments recently received municipal town planning approval for the land which is situated around the N2 interchange, adjacent to the flagship development, Renishaw Hills, an established mature lifestyle estate.
“The start of the next phase of the development couldn’t come at a better time for the KZN South Coast,” said Kennett Sinclair, CEO of Crookes Brothers Ltd. “Following a particularly challenging year for businesses and the community at large, the significant investment the Renishaw Coastal Precinct will attract is set to contribute towards the growth of this area, positioning the KZN South Coast as a sought-after region in terms of residential property, commerce and tourism.”
Richard Crocker, shareholder and director of Renishaw Property Developments, said this is an exciting project which has been 12 years in the making: “Renishaw Coastal Precinct will effectively build on the massive success of the nature-based Renishaw Hills estate which was established in 2016. The ongoing interest and investment in the development, from across the country, has shown that people are prioritising a relaxed, comfortable lifestyle and quality construction within natural surrounds. The Renishaw development project now moves to the next exciting stage, focussing on the release of large-scale land development opportunities.”
While Richard Crocker will take this opportunity to leave his executive role in Renishaw Property Developments to pursue other business interests, he retains his shareholding position within the company as well as his seat on the board of directors and interest in the success of the project.
“Richard has been instrumental in the establishment of Renishaw Property Developments, the successful establishment of Renishaw Hills, and has been integral in getting Renishaw Coastal Precinct off the ground,” said Mark Grant, chairman of Renishaw Property Developments. “The contribution of Richard, and all stakeholders, is immeasurable, and we look forward to sharing more details of the incredibly exciting Renishaw Coastal Precinct in a few weeks.”