You can also listen to this podcast on iono.fm here. ADVERTISEMENT CONTINUE READING BELOW Welcome to the latest episode of The Property Pod, South Africa’s leading property investor podcast. On this Moneyweb weekly show we gain insider insights from leading executives, analysts, developers and entrepreneurs in the country’s expansive property industry.
To tell us more about the Big Easy coup and overall development is Wayne Krambeck, senior vice-president of operations at Zimbali Lakes. “Bringing these two brands together was a natural sort of progression for us to move forward, and it started very simply on an idea, saying let’s create something very special.”
“And with the academy coming and doing what we did, we said, well, why don’t we now create a sort of a scholarship accommodation, which is really the Ernie Els Suite.” “Then it got into a bigger discussion. We said, well, if we’re going to go this far, Ernie has some great wines. We South Africans love wines. They’re predominantly down in the Cape. Why don’t we get the Big Easy involved and create a Big Easy Pub & Grill within our clubhouse? The reason we did that is because with the name comes family.
Just for our listeners, for a little more insight, can you give us an update on the overall multi-billion-rand Zimbali Lakes project being led by IFA Hotels & Resorts because, as I mentioned earlier, it’s been on the cards for a long time? Ernie Els and others listen to Wayne Krambeck at Zimbali Lakes on KZN’s North Coast. Image: Supplied“Then obviously we’ve had the natural kind of disasters in our area – the floods and the various bits and pieces. However, one of the biggest impacts was also on our development, and it was prior to me joining the company, where there was some forum activity on site, which really stopped the development for just short of a year, just to resolve all of those issues and that.
“The total development costs on site were – and I’m talking just infrastructure for your main services – around R1.6 billion for the development, and that excludes any top structure.” “We call ourselves a ‘three-generational estate’, number one, and we also call ourselves a ‘15-minute estate’. The ‘three generational estate’ is based on the fact that you can have three generations of family living on our estate. You could have the grandparents living in the retirement village, which has already been sold.
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