Thukela Lifestyle is a Medical Tourism and Luxury Lifestyle Resort, one-of-its-kind development set on the banks of the Tugela River and close to the ocean in KwaZulu-Natal.
In terms of ideal location, Thukela is approximately 45 minutes’ drive from Durban and 25 minutes’ drive from the King Shaka International Airport.
This is a prime location for a lifestyle wellness estate and will include a large residential (eco-estate) component, a first of its kind medical and wellness resort development, hotel and commercial components
PROJECT STATUS
An environmental authorisation for the whole development (Phases 1-4) has been approved. The whole site has been released from the provisions of The Subdivision of Agricultural land Act No.70 of 1970
Licence for the private hospital has been approved by the KwaZulu-Natal Department of Health
Project Owner/Developer has land sale agreement with current land owner
Environmental Impact Assessment and final feasibility, design and engineering has been completed and
Letter of Intent signed with the medical group to operate the Private Hospital and health divisions and
Letter of Intent signed with the hotel and Hospitality Group to operate all hospitality divisions
FINANCING
The project has been financed by project initiators to enable it to be “spade ready”. In principle, commitment is in place from Development Fund Institutes for 50% of the first phase value and
Thukela Lifestyle Resort is currently available to enter into negotiations with both the private and the public sector. This main area of focus would be the financing of the project and Thukela is available to consider equity as a channel to raise appropriate funding; this is in line with the 1st phase of finance being R1.4 billion
PARTNERSHIPS
No joint venture partnerships have been signed on this project and• In terms of project development, the group is working with eThekwini Metro and provincial overnment
