eThekwini puts 17 Durban sites worth over R360m up for long-term lease

Inside Metros Reporter

eThekwini Municipality released 17 properties with a combined market value exceeding R360 million for long-term lease on Friday.

The sites, spanning 18 hectares across Mobeni, Sea View, New Germany, KwaMashu, Pinetown, uMhlanga Rocks and the Durban Beachfront, include industrial, commercial, mixed-use and hospitality parcels.

“These properties will stimulate investment, support small business development, and advance spatial transformation by ensuring equitable access to municipal land,” said Mayor Cyril Xaba.

Monthly rents range from R8 700 to R777 000, with lease terms of nine to 45 years depending on the scale and nature of the proposed development, said the city.

Xaba said the leasing model “gives practical effect to Section 25(5) of the Constitution, which obliges the State to foster conditions for equitable access to land”.

Long-term leaseholds, he said, remove prohibitive upfront costs while allowing developers to secure funding and build equity.

Two high-profile beachfront sites – the