By Malcolm Hlongwane |
The third annual property conference hosted by the eThekwini Municipality has unlocked more than R1 billion worth of potential investment deals aimed at transforming public land into thriving economic assets.
Held at the Inkosi Albert Luthuli International Convention Centre, the two-day conference introduced the City’s first closed-door Deal Room, where developers and funders engaged directly on projects expected to boost economic growth and job creation. Three of the ten deals currently on the table involve municipally-owned land.Under the theme “From access to assets, scaling bankable development on public land,” the gathering focused on turning municipal land into funded and construction-ready developments.
City Manager Musa Mbhele said catalytic projects under facilitation across the city are valued at more than R217 billion and are expected to create over 300 000 construction jobs and 120 000 permanent employment opportunities.
Beyond the figures, the conference carried a strong human impact message, highlighting how investment in housing, retail, hospitality and industrial developments can improve livelihoods, create sustainable communities and restore dignity through employment opportunities for thousands of Durban residents.
Email: Malcolm@onenews.co.za
