SOUTH AFRICA’S FIRST INTERNATIONALLY BRANDED SERVICED APARTMENTS OPEN IN UMHLANGA

Radisson Hotel Group has opened its first internationally branded serviced apartment development in South Africa, bringing its established hospitality offering to Umhlanga. The development combines Radisson’s hospitality standards with a contemporary, Scandinavian inspired design philosophy. Located in the heart of Umhlanga, the apartments offer convenient access to Gateway Theatre of Shopping, Park Square, restaurants and the area’s growing business and property precinct. Umhlanga Beach is also just five minutes away.

Phase One comprises 40 apartments, with prices starting from R1.75 million and no transfer duty. The development presents an opportunity for buyers seeking both a lifestyle property and an investment backed by an internationally recognised hospitality brand.

Investment Opportunity

The development is expected to further strengthen investor confidence in Umhlanga’s property market. Radisson Hotel Group estimates that the investment net yield could increase by 12.7% over five years, while the group cites capital growth of up to 14% annually for premium developments in the Umhlanga area. “This is the epitome of a lifestyle investment where your apartment is taken care of by the Radisson Hotel Group,” said Avoca Developments co-founder Chris Horn.

Strong Demand

Demand for the apartments has already been significant. According to the Radisson Serviced Apartments Instagram page, 97 apartments have been sold, with Phases One to Three now closed. Another 40 apartments were released to prospective buyers on Thursday, 27 August, with prices starting from R1.89 million.

For more information, visit www.radissonapartments.co.za