LAURUSCO DEVELOPMENTS

John Ross Interchange Node - KZN NORTH COAST - Complete

An Arctic Sun development on the N2 Interchange at Richards Bay which has been completely sold-out. The 32 fully serviced business park sites straddle the John Ross Highway at the N2 Interchange between the towns of Richards Bay and Empangeni. Whilst the bulk of the sites have been sold to the listed Liberty Group, sites were also sold to national tile retailer Italtile, and a Petrol Filling Station with associated retail bulk site to a local consortium. Servicing of the sites was completed in April 2014, and included an elevated water storage facility to service the development. Investment in the node is expected to reach R1bn once fully constructed by the purchasers.

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