The construction of the first phase of the Cornubia development project in northern Durban, valued at R2.1 billion, is nearing completion. This project includes a Leroy Merlin retail store and future commercial properties.
The new business development in Cornubia, located north of Durban, is approaching completion, with the first phase scheduled to be finished by December. The project is being implemented by Fundamentum.
This development includes a Leroy Merlin retail project worth R200 million, while subsequent phases are planned to include the Emeris campus, capable of accommodating around 8,000 students, as well as additional commercial space.
Etkiweni Mayor, Cyril Shaba, visited the construction site on Monday along with Fundamentum CEO Carlos Correa. During the visit, he was informed about the progress of the first phase.
Fundamentum already has assets worth over R8 billion in Etkiweni, including Westown Square in Shangweni, Bridge City Mall in KwaMashu, and Midway Crossing Mall in Newlands West.
Future phases will bring jobs and investment
Approximately 300 construction jobs have been created through the Cornubia project, and an additional 100 permanent jobs are expected after the completion of the first phase. Construction of the second phase is slated to begin next year, and the entire development complex is designed to provide nearly 2,000 jobs.
Shaba noted that this development demonstrates ongoing private investment in Etkiweni and will contribute to economic activity and employment in the city. He also stated that approximately R500 million has already been allocated for infrastructure in the area and for the development of Leroy Merlin.
Cyril Shaba emphasized: "We are pleased that the investments made by Fundamentum in the Cornubia Business Park are a strong testament to the private sector's confidence in our city and in the future of Cornubia." He added that such investments are important not only from a financial perspective but also because of what they mean for the economy, as they lead to construction activities, employment opportunities, the emergence of new businesses, and ultimately, expanded opportunities for the residents of Etkiweni. This is precisely the type of investment-driven development that the authorities aim to encourage throughout the city.