Community and conservation key to development
The development will not only provide much-needed secure housing for residents but is set to reignite the local economy through several key sectors.
Renishaw Coastal Precinct, the 1300-ha mixed-use development near Scottburgh, is considered one of the country’s biggest developments underway.
To date, R500m has been spent on the 25ha Renishaw Hills – the first development within Renishaw Coastal Precinct – out of an anticipated R1bn, with a total anticipated spend of around R15bn upon completion. This community-centric development is in the process of contributing 142ha of land, with 10% of the development company set to be acquired by the local community.
The 142 hectares of prime property adjacent to Renishaw Coastal Precinct in the area leading to Amandawe provides further opportunities for sustainable income generation through agricultural practices or commercial ventures. The establishment of the KC Trust, the entity that will be the beneficiary of the donation, will ensure that the entire community reaps the benefits of this donation.
The development will not only provide much-needed secure housing for residents but is set to reignite the local economy through several key sectors.
One of these is job creation, with significant employment opportunities emerging in the skilled and unskilled labour market as security villages, office parks, retail, educational, medical facilities and more take shape on the 2.6m m2 of land set aside for development.
Conservation is also at the heart of the Renishaw Coastal Precinct development. Of the land available, only 2.6m m2 will be developed while the balance – around 10m m2 – will be converted into conservation areas, re-introducing the lush indigenous coastal forest and grassland that once dominated the area.
Rehabilitation of the Mandawe Wetland is already underway using local labour, with local flora and fauna thriving beyond the precinct borders and more than 200 plant species noticed. This not only enhances the region’s biodiversity; it creates an eco-tourism attraction with hiking and biking trails drawing visitors in while creating further employment opportunities.
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