Mega logistics park to be developed at Cornubia
Once completed, the total estate could create 2 400 permanent jobs and generate R45-million per annum rates income for the City.
THE vision of establishing the Cornubia multi-use development as an important node between King Shaka International Airport and the city of Durban has been reinforced by the announcement that a 100 000m2 logistics park is to be developed at the N2 Business Estate. The business estate is located on the northern edge of the Cornubia development with easy access to the N2 highway and, once completed, the total estate could create 2 400 permanent jobs and generate R45m per annum rates income for the City.
“A logistics park of this size and nature is a perfect fit for the vision that we had of establishing the Cornubia N2 Business Estate as a prime commercial location,” says Karen Petersen, development director of Tongaat Hulett Developments. “It meets all the criteria needed to attract tenants with specific needs, and will add considerably to establishing the business estate as a prime commercial site.”
Construction is to commence this year, with completion scheduled for end-2018.
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The multi-million rand logistics and retail park is being developed by M&F Giuricich Developments and Fortress Property Fund. Florian Giuricich says the easy access into Durban on the N2 as well as King Shaka Airport make the development an ideal location for companies that need to store or distribute goods.
The construction of the N2/M41 interchange is well advanced and is anticipated to be completed by August 2017 while construction of the N2 Cornubia Bridge (that links Cornubia to the Umhlanga Ridge Town Centre) is progressing well and is anticipated to be completed by June 2017.
