Our property development business, Renprop, was established to use marginal farmland on CBL’s Reinshaw farm for the development of industrial, commercial and residential property.
Of the total farm size of some 1 600 ha on the coast between Scottburgh and Umkomaas in KwaZulu-Natal, 1 308 ha has been approved for rezoning, with 266 ha compromising developable land, the balance consisting of wetlands, coastal forest or areas too steep for development. The long-term project is made up of many different development zones.
In April 2016 we started the development of the Renishaw Hills mature lifestyle village. The 500 unit project is well underway with the infrastructure and services completed in the first half of 2017 and the first buyers took occupation in the second part of the 2017 calendar year.
Renishaw Hills takes up only 28 of the 266 ha developable land available, giving an indication of the total extent of the project. The balance of the land is earmarked for a combination of commercial, industrial and residential development.
The balance of the 266 ha is being marketed under the Renishaw Coastal Precinct brand and comprises of a mixture of commercial residential industrial sites.