Latest news with #NorthTower
IOL News
2 days ago
- Business
- IOL News
Vivian Reddy launches R1. 4 billion Oceans North Tower, transforming Umhlanga's real estate landscape
Businessman Vivian Reddy is a Co-Developer of Oceans Umhlanga Mixed-Use Development Image: Supplied Property mogul Vivian Reddy has described the launch of the R1.4 billion Oceans North Tower as an incredibly meaningful venture that represented over a decade of unwavering commitment, overcoming obstacles, and believing in the transformative power of visionary development. This project featuring 520 luxurious apartments with stunning ocean vistas is a testament to his unwavering commitment to transforming the real estate landscape of Umhlanga. Reddy sees this accomplishment as not merely a personal victory but a celebration of South African resilience and excellence, driven by a decade of ambition and perseverance. At the official launch event on Friday, Reddy expressed his excitement: 'Since the launch we sold 15 more units to current buyers, with only 20 units left,' showcasing the rapid demand for the upscale offerings. The North Tower marks a pivotal phase in the R4.3 billion Oceans mixed-use development, which also included the internationally-acclaimed Oceans Mall and the five-star Radisson Blu Durban Umhlanga Hotel. "This project reflects a vision brought to life through the tenacity and perseverance of our developers," said Brian Mpono, CEO of Oceans Umhlanga Development. Mpono underscored the significant milestones achieved through this development, he said: 'The launch isn't just another property unveiling; it's a celebration of Durban's evolution.' The anticipation surrounding the North Tower has drawn international attention to KwaZulu-Natal's potential, further solidifying its status as a prime destination for luxury living. Reddy hinted at future developments, notably the R1.5 billion Southern Sun Oceans Hotel and Residences currently under construction. 'This partnership with Southern Sun will bring a five-star hotel and 80 luxury branded residences to Umhlanga, complementing the Radisson Blu Hotel,' Reddy elaborated. Together, the projects aim to establish Oceans as the definitive lifestyle and hospitality destination on the North Coast. As Umhlanga continued to grow as South Africa's premier coastal node, the leading edge design of the North Tower, combined with its lavish amenities, makes it a remarkable addition. With an impressive 96% of the apartments already sold, the project is synonymous with high occupancy rates, demonstrated by the neighbouring Radisson Blu Hotel. The development promises to create over 2,500 jobs and significantly enhance tourism revenue within the region. Reddy stated, 'We believe developments like these play a vital role in rewriting the economic narrative of our province.' The North Tower not only offers a variety of luxury apartments, from studios to spacious four-bedroom units, but each features premium finishes, all while providing convenient access to the adjacent Oceans Mall. This project is set to redefine luxury living along Africa's East Coast, establishing a new standard for residential offerings in the region. Friday's "roof wetting" celebration drew a large gathering of attendees. DAILY NEWS Suri Moodley Lushan Moodley Kashreya Moodley Image: Leon Lestrade/Independent Media Zunaid Rashid with, Nazareen and Maariyah Rashid. Image: Leon Lestrade/Independent Media Renu Balgobin, Dayika Balgobin and Shikhar Singh. Image: Leon Lestrade Lavanya, Ashira, Talvika, Timir, and Krishna Pyladh Image: Leon Lestrade/Independent Media Shaivaan, Rehya, Bash Naidoo, Sarojini Naidoo and Pragen Naidoo. Image: Leon Lestrade/Independent Media Sanjeev Nirghin, Vishwani Nirghin, Craig Jessop and Carol Jessop Image: Leon Lestrade/Independent Media Kerwin Thandroyen, Celine Thandroyen, Deborah Thandroyen and Wayne Thandroyen Image: Leon Lestrade/Independent Media Mpho Scott and Dr Mbali Ndlovu. Image: Leon Lestrade/Independent Media Chucks and Roshnie Raj Image: Leon Lestrade/Independent Media Uwais and Naseeha Kathrada Image: Leon Lestrade/Independent Media Vickesh and Allira Mungelpersad Image: Leon Lestrade/Independent Media
IOL News
3 days ago
- Business
- IOL News
Oceans North Tower launch marks new chapter for luxury living and inclusive growth in uMhlanga
Businessman Vivian Reddy having a chat with MC Styles Mbatha at the launch on Friday of the iconic Oceans North Tower. Image: Leon Lestrade / Independent Newspapers A NEW era of luxury and inclusive growth dawned in uMhlanga on Friday evening as the Oceans North Tower was officially launched, accompanied by a surprise announcement of a strategic partnership between Oceans Umhlanga and hospitality giant Southern Sun. The glamourous rooftop ribbon‑cutting event drew an elite gathering of politicians and dignitaries, including government ministers, politicians, eThekwini Municipal Manager, Consul General of the People's Republic of China in Durban, business leaders, local celebrities, international guests as well as investors. Guests were treated to champagne receptions, live entertainment, a lavish buffet and glittering views of the new luxury tower. The North Tower itself marks a R1.4 billion segment of the larger R4.3 billion Oceans Umhlanga development, which includes the award‑winning Oceans Mall and the Radisson Blu Durban Umhlanga Hotel. Featuring 258 luxury units—from studios to four‑bedroom penthouses—with ocean‑facing views, resort‑style pools, concierge and wellness zones, and direct access to the mall, the tower sets a new benchmark for coastal residential living in KwaZulu‑Natal. Beyond high‑end amenities, the project emphasises socio‑economic transformation. About 50 percent of the North Tower workforce comprised of young Black South Africans, with strong representation of Black women. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading Over 24,000 jobs have been created during construction, with many sourced from neighbouring communities like Inanda, Ntuzuma, KwaMashu, and Blackburn. Developer and businessman Vivian Reddy called the event a milestone fueled by vision, resilience, and collaboration. He said the celebration was a defining moment in a journey that has been powered by determination and extraordinary people. "The Oceans North Tower is more than just a high rise, it is a landmark in belief that when South Africans unite in purpose we can produce something that is not only world class but something iconic. As I look at this tower I feel immense pride, not just in the architecture but in the human spirit behind over 2400 workers, artisans, engineers and professionals who brought it to life with their skills, sweat and unwavering commitment. The Tower is their triumph," said Reddy. He lauded his co-developer Rob Alexander for his unwavering support as well as other key players including the KwaZulu-Natal Joint Municipal Pension Fund. Speaker after speaker praised Reddy and Alexander for making the province a winning destination, recognising the value and transformative impact that the investment made on the socio economic landscape. Thulasizwe Buthelezi, MEC for Cooperative Governance and Traditional Affairs represented KwaZulu-Natal Premier Thami Ntuli, who was unable to attend, applauded the KwaZulu-Natal Joint Municipal Pension Fund for partnering with Reddy. 'The Oceans Umhlanga development stands as a beacon of progress, vision and commitment to building a prosperous economy in this province. Many of us here have had the privilege of witnessing the evolution of this landmark project from the development of Oceans Mall, one of the largest and most prominent retail centres in South Africa,' said Buthelezi. eThekwini Municipal Manager Musa Mbhele acknowledged the project's significance within the broader urban context. Mbele spoke candidly about the dual realities of a post-apartheid city—challenges of infrastructure and service delivery on one side, and resilience and investment on the other. 'This city has faced immense challenges, from service backlogs to devastating floods. But despite it all, projects like this show our strength and determination. Developers like Vivian Reddy prove that with belief in the city and its people, great things are still possible,' Mbhele said. At the height of the evening, Reddy revealed that Southern Sun will join the Oceans Umhlanga mixed–use precinct by taking significant equity and operational control of the upcoming South Tower hotel and residences. The sweetheart deal has been in negotiations for over a year and cements Southern Sun's long‑term investment in the development. SUNDAY TRIBUNE
IOL News
5 days ago
- Business
- IOL News
Oceans Umhlanga North Tower launch signals R2. 7bn investment surge in KZN
Brian Mpono, CEO of Oceans Umhlanga Development said the Oceans Umhlanga development has brought global attention to the potential of the province. Image: Supplied KwaZulu-Natal is set to benefit from a R2.7 billion boost as the Oceans Umhlanga precinct officially launches its R1.4 billion North Residential Tower this Friday with an additional R1.3 billion leisure investment planned for the South Tower. The North Tower forms part of the larger R4.3 billion Oceans Umhlanga Mixed-Use Development, which already includes the Oceans Mall and the five-star Radisson Blu Hotel. 'This is not just a property launch; it's a celebration of how far Durban has come, and a reflection of the developers' tenacity and unwavering perseverance,' said Brian Mpono, CEO of Oceans Umhlanga Development. The North Tower comprises 258 high-end apartments ranging from studios to four-bedroom units, all with ocean-facing views. The building includes direct access to Oceans Mall, and features such as resort-style pools, concierge services, yoga zones, children's play areas, inverter readiness, and ducted air-conditioning. Mpono said the development was more than a luxury project. 'The Oceans Umhlanga development has brought global attention to the potential of this province. We're proud to now open the doors to a residential offering that reflects both international luxury standards and local ownership in a way South Africa has never seen before.' The project, which prioritises transformation, has employed a workforce where around 50% are young Black South Africans. A significant number are young Black women. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad Loading In retail, 50% of Oceans Mall's space is Black-owned, with 12 of its 14 restaurants operated by Black entrepreneurs. Over 25,000 jobs have been created during construction, many filled by residents from nearby areas, including Inanda, Ntuzuma, KwaMashu, and Blackburn. 'We are witnessing lives change in real time,' said Mpono. 'Young people are securing jobs in flagship luxury boutiques. Women are running thriving restaurants. Fathers who once struggled to find stable employment are now part of reliable teams in logistics and security. These are not just numbers on a spreadsheet, they represent families with renewed hope, dignity, and a real opportunity to participate in the economy.' Mpono described the North Tower as a landmark in secure, long-term investment and confirmed that final economic impact figures would be shared during the launch. He added: 'The completion of the Oceans Umhlanga Residential Towers is a vote of confidence from the developers confidence in Durban, in our people, and in the kind of future we can build when world-class investment meets authentic transformation.' Friday's launch will feature formal addresses by developers Vivian Reddy and Rob Alexander, the Mayor, the Premier, and economic analysts. THE MERCURY
IOL News
6 days ago
- Business
- IOL News
Oceans Umhlanga launches luxury residential tower valued at R1. 4 billion
Oceans Umhlanga is making waves in the local real estate market with the official launch of its high-end North Oceans Umhlanga Residential Tower, valued at R1.4 billion. The event, scheduled for tomorrow, marks a significant stride in the region's economic and social transformation, amplifying KwaZulu-Natal's ambitious revitalisation agenda. According to Brian Mpono, CEO of Oceans Umhlanga Development, the North Tower is an integral part of the larger R4.3 billion Oceans Umhlanga Mixed Use Development, which encompasses the internationally recognised Oceans Mall and the five star Radisson Blu Durban Umhlanga Hotel. 'The launch isn't just another property unveiling; it's a celebration of Durban's evolution,' expressed an excited Mpono. 'This project reflects a vision brought to life through the tenacity and perseverance of our developers, Vivian Reddy and Rob Alexander.' Mpono noted that the project had already drawn international attention to KwaZulu-Natal's potential. Its North Tower will introduce over 258 luxury apartments, ranging from studios to four bedroom units, all designed to boast breathtaking ocean views along Africa's East Coast. Each unit features premium finishes with direct access to the adjacent Oceans Mall, setting a new standard for luxury residential offerings in the region. Beyond the aesthetics and amenities, Mpono stressed that the real impact of the North Tower was rooted in its focus on transformation. About 50% of the workforce employed in the North Tower's construction comprised young Black South Africans, with a notable representation of young Black women. 'It is critical for us that our development reflects the diversity of our communities,' added Mpono, highlighting the inclusive nature of this ambitious project. Equally significant was the commercial aspect of the Oceans Umhlanga development. Currently, 50% of the retail space within Oceans Mall is owned by Black entrepreneurs, with 12 out of 14 restaurants run by Black owners. This commitment to inclusivity has already generated over 25,000 jobs during the construction phase, many of which had been filled by individuals from neighbouring communities like Inanda, Ntuzuma, KwaMashu, and Blackburn. 'These developments signify a paradigm shift for areas once considered remote from large-scale investments,' said Mpono. 'We are witnessing real change: young people thriving in flagship boutiques, women steering successful restaurants, and fathers securing stable employment in logistics and security. These statistics aren't mere numbers; they represent families with renewed hope and dignity.' Strategically situated on Lagoon Drive, the North Oceans Umhlanga Residential Tower aspires to be a landmark investment for the region, promising long-term value. Envisioned to integrate exclusive lifestyle amenities, residents will enjoy resort style pools, concierge services, yoga zones, children's play areas, and seamless access to the beachfront promenade. Final economic impact statistics, as well as glimpses into future investments, including an anticipated R1.3 billion leisure investment for the upcoming South Tower, are expected to be announced during the anticipated launch event. The event will draw civic leaders and government officials, including the Mayor and the Premier of KwaZulu-Natal. DAILY NEWS
