Menlo Developments (Pty) Ltd.

Menlo Developments (Pty) Ltd (Registration number 2004/005849/07) was formed in early 2004 with the express intent of finding and or creating development opportunities. Menlo Developments manages the Menlo Group's Development Portfolio and thereby increases the Group's range of specialised services.

A major challenge in the growing South African economy is the provision of cost-effective and quality structures, on time and within budget, in all areas of the housing, civil and corporate markets.

Menlo Developments offers reliable and progressive property developments, including both sectional title and freehold land developments. Our developments are approached in an inventive and environmentally sensitive fashion, with an emphasis on quality and affordability.

Menlo Developments is situated at No 4 Copper Street in Delmas, Mpumalanga where the company occupies office space at the Menlo Group Headquarters. The centralised operations point allows for efficient management of resources and also reduces operating overheads.

Menlo Developments will be focusing on supplying niche market residential homes, in secure developments, to meet the ever increasing demands for housing within South Africa. The market includes both sectional title and freehold land, focusing on areas that are currently underdeveloped and have a high requirement for residential housing. The market includes land sales and / or building to suit the requirements of the particular area.

Menlo Developments is focusing on consolidating existing developments that are currently in progress.

•  Toscana Ridge Hilton – KZN Estimated total cost R350 million

•  Nonyana River Estate Van der Bijl Park Estimated total cost R200 million

•  Everglades Estate Hartebeespoort Dam Estimated total cost R44 million

Income generated by existing developments will be utilized for the purchase of further development land in strategic areas and in accordance with market requirements.

The current growth within the South African economy, lower interest rates and job creation has led to an ever increasing demand for residential property and in most areas there is not a sufficient supply to be able to meet the demand. This trend lends itself to a huge opportunity in developing residential property to meet the increasing demands of the market. There is also an increasing demand for residential property that has less of an urban feel and is beyond the greater city limits. This is definitely a more niche market, and includes developments with wild life reserves, golf courses, areas on dams and rivers, and these are usually substantially more lucrative than developing suburban residential property.

Menlo Developments is currently in progress with 3 major developments.

The Toscana Ridge Development is taking place in Hilton, where Menlo Developments is a 50% shareholder in a company Cool Ideas, who are the developers of this project. The development is a secure village containing 458 units ranging from apartments, townhouses and clusters to free standing homes. The village will be in a Tuscan style and will also contain a Piazza, Lodge, recreational facilities and a place of worship. The estimated value of the development is R350 million.

CLICK HERE to go to the Toscana Ridge Website

CLICK HERE to view our Toscana Ridge Images

The Cowan House / Toscana Ridge Classic Cycle Race 14th August 2005

The Nonyana River Estate Development is taking place on the banks of the Vaal River approximately 25km from Van der Bijl Park in Gauteng. The development is for an eco park estate, including townhouses, clusters and free standing homes of about 350 units. The estimated value of the development is R200 million. Menlo Developments has a 50% share in the Nonyana development.

CLICK HERE to go to the Nonyana River Estate Website

The Everglades Development is taking place at Hartebeespoort Dam. The development is for 144 Freehold units and the estimated value for the project is R44 million. Menlo Developments has a 25% share in the Everglades development.

Menlo Developments current goal is to consolidate our existing developments. All three developments are in their initial stages and are not yet generating income. Once this has been achieved Menlo Developments will start investigating new property purchases for development and discussing possible future ventures with existing business partners.

Menlo Developments has minimized the risk as far as possible, by taking only a certain percentage of the developments and bringing in other role players, including both business partners and investors. Menlo Developments is fully supported by The Menlo Group of Companies, and this gives us a wealth of expertise in the field and the proven track record of an established group of companies.