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Construction has begun on the Zimbali Suites development

Construction has begun on the Zimbali Suites development

Date: 2014-09-19
At the recent ground breaking ceremony held on site in Zimbali, IFA Hotels & Resorts (IFA), announced that building plan approvals are in place for the elegantly designed 131 sectional title Zimbali Suites and that construction has begun on the R400 million development.

IFA Hotels & Resorts (IFA) is a global leader in the development of premier integrated mixed-use hotel and resorts projects.

"This is our most significant development milestone in Zimbali since the opening of the prestigious Fairmont Zimbali Resort in June 2010. Zimbali Suites is an exciting addition to IFA's impressive Zimbali portfolio which includes the Fairmont Zimbali Hotel, Fairmont Zimbali Lodge, Zimbali Vacation Club, Fairmont Heritage Place, Fairmont Signature Villas, Fairmont Hotel Condominiums and our recently launched Ocean Club Zimbali project," says Phillip de Sylva, Senior Vice President Operations (African & Indian Ocean).

Nedbank Corporate Property Finance is proud to have approved funding for this development. "Despite the tough economic climate, KwaZulu Natal continues to see a demand for upmarket secure residential property such as the Zimbali Suites development. As a leader in commercial property finance, we are pleased to have played a role in supporting our client realize the opportunity, therefore meeting the needs of the customers in this market," says Anand Joseph, Regional Executive, Nedbank Corporate Property Finance: KwaZulu Natal.

The main contractors include Megapile for the site preparation, earthworks and piling in Phase One, and ID Construction for the building works in Phase Two. MDSA are the appointed Project Managers.

The Zimbali Suites project is located adjacent to the Fairmont Zimbali Hotel and will be world-class serviced suites which access a wide range of services, activities and amenities already offered by the award winning and exclusive Zimbali Coastal Resort and Fairmont Zimbali Hotel.