2018 has certainly been successful and eventful for Zimbali Lakes Resort with the official groundbreaking of Zimbali Lakes Resort to round off another stellar year!
Since the exceptionally successful launch of Zimbali Lakes Resort in December 2017, we have achieved several noteworthy milestones this year. February saw Zimbali Lakes Resort form a Joint Venture with the country’s leading retirement brand, Evergreen Lifestyle, Amdec Group’s retirement lifestyle business, to bring a R3 billion retirement offering within Zimbali Lakes Resort to the market.
Within Zimbali Lakes Resort, The Boulevard is a mixed-use node which is an urban fusion of modern design and desirable luxury with upmarket workspaces and extensive retail offerings. Designed around convenience and accessibility, The Boulevard launched urban studio apartments to the market. Based on the exceptional demand for 2-bedroom apartments within Zimbali Lakes Resort, we released additional 2-bedroom apartments to complement the existing dynamic studio opportunities at The Boulevard.
In September, Zimbali Lakes Resort was awarded the Record of Decision from the local authorities. This was a huge milestone in helping us get closer to bringing the Zimbali Lakes Resort to life. Following the Record of Decision, the developers of Zimbali Lakes Resort partnered up with a boutique financial consulting firm, Jaltech, to form Zimbali Capital, a Joint Venture Capital Company which presents a compelling investment opportunity enabling South African taxpayers to become part of Zimbali and benefit from a tax deduction on their investment. With several investment opportunities through Zimbali Capital, Boulevard PAD was launched in December to offer investors long and short-term letting within the Zimbali Lakes Resort.
After a wonderful year, we are ready to welcome what will undoubtedly be a fruitful 2019 for us and our homeowners. With our eyes firmly on the future, we are looking forward to the first property transfers taking place at Zimbali Lakes Resort in late 2019.
Without our homeowners and investors, we would not have been able to bring Zimbali Lakes Resort to life, and in celebration of the groundbreaking we have released 10 additional freehold stands sites from R1.5 million. We are here for the holidays, so come visit us at our Sales Centre which is open daily.