Real Estate Investor Magazine South Africa July 2016 | Page 12

“The goal of
the Edison
Property
Group is to
grow our
asset base
to R12b in
5 years.
We are
currently
involved with
R5b worth
of projects”

“Thinking out of the box has become a well-worn
cliché. I do not just think out of the box – I dream, I
experiment, I innovate, I fear no physical or perceived
barriers. That is the vision that will continue to drive
the Edison Corporation.

Oceans Umhlanga Development

On the 2nd of June, the Oceans Umhlanga
development, a pioneering commercial development
spearheaded by Vivian Reddy, launched the R700
million Radisson Blu Hotel. The developers behind
the luxury Oceans uMhlanga smashed records
recently as they notched up R1.55 billion in sales in
a single day.

10

JULY 2016 SA Real Estate Investor

The Oceans Umhlanga Development is a R3.8
billion state-of-the-art mixed-use development
project in the affluent Umhlanga suburb, north of
Durban. The development will include a luxury
Shopping Mall, a 200 key Raddison Blu Hotel and
upmarket Apartments and Penthouses, all within
three minutes’ walk to the sea. The world class
development attracted a record R1.55 billion worth of
residential sales in 4 hours.
The 36,000 sq.mt. Luxury shopping mall, will
include some of the world’s leading western brands,
among them: Burberry, Emporio Armani, Versace,
Gucci, Zegna, Jimmy Choo, Ferragamo, Paul Smith,
7 for Mankind and Hugo, as well as other leading

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