{"id":877688,"date":"2026-10-01T15:06:16","date_gmt":"2026-10-01T13:06:16","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=877688"},"modified":"2026-10-01T15:06:16","modified_gmt":"2026-10-01T13:06:16","slug":"one-company-now-owns-an-entire-estate-worth-r1-billion-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/lifestyle\/877688\/one-company-now-owns-an-entire-estate-worth-r1-billion-in-south-africa\/","title":{"rendered":"One company now owns an entire estate worth R1 billion in South Africa"},"content":{"rendered":"\n

The Competition Commission has approved the sale of Coral Cove, a luxury North Coast retirement village, without conditions.<\/p>\n\n\n\n

The high-end retirement village, comprising 168 freestanding villas, will be sold to Brenthurst Retirement Holdings, a subsidiary of Growthpoint Healthcare Properties.<\/p>\n\n\n\n

The property development is located in the Zululami luxury coastal estate in Sheffield Beach, KwaZulu-Natal, on the North Coast.<\/p>\n\n\n\n

The property was previously jointly owned by Brenthurst and Nedbank, but the recent sale will see Brenthurst take full control.<\/p>\n\n\n\n

Brenthurst already has an extensive retirement village portfolio, operating under the Auria brand, with locations in Johannesburg, Cape Town, and the North Coast.<\/p>\n\n\n\n

Outside of retirement accommodation, Brenthurst holds an extensive property portfolio, according to the Competition Commission.<\/p>\n\n\n\n

“The Acquiring Group has a property portfolio which includes light industrial, office, retail and residential
property developments and property letting enterprises,” the commission said.<\/p>\n\n\n\n

“Relevant to the merger are the Acquiring Group\u2019s development, ownership, and operation of for-profit independent living and continuing care retirement communities.”<\/p>\n\n\n\n

Auria was acquired by Growthpoint Healthcare Properties in December 2025, thereby becoming a subsidiary of the Real Estate Investment Trust (REIT).<\/p>\n\n\n\n

“GHPH acquired a 95% shareholding in Auria for R1.2 billion, settled in cash and fully funded with debt,” Growthpoint Properties said in its latest financial results. <\/p>\n\n\n\n

“The acquisition adds five senior living communities with a gross asset value of R3.6 billion to the healthcare portfolio and represents GHPH\u2019s formal entry into the senior living sector.”<\/p>\n\n\n\n

“The transaction is expected to enhance portfolio diversification and provide exposure to favourable long\u2011term demographic trends.”<\/p>\n\n\n\n

Growthpoint Healthcare Properties is an unlisted REIT and is partly owned by Growthpoint Properties, a major player in South Africa’s property market.<\/p>\n\n\n\n

The group’s property holdings are expansive and include the V&A Waterfront in Cape Town, one of South Africa’s most popular malls.<\/p>\n\n\n\n

Coral Cove<\/h2>\n\n\n\n
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Coral Cove is a major asset for Auria and Growthpoint, with an estimated investment of R1 billion in its development.<\/p>\n\n\n\n

The retirement village sits on the coast, with direct access to both Sheffield Beach and Christmas Bay through Zululami and its neighbouring estate.<\/p>\n\n\n\n

Along with direct beach access, the property boasts several amenities, including a heated swimming pool, an air-conditioned cinema, and its own restaurant.<\/p>\n\n\n\n

The village also features a fully-equipped wellness centre and care centre.<\/p>\n\n\n\n

Zululami, the larger estate where Coral Cove is located, is owned by Collins Residential, whose director, Murray Collins, commented on the retirement village when it was first announced.<\/p>\n\n\n\n

Auria\u2019s incredible reputation and quality delivery will contribute to the growth of the greater North Coast footprint,” Collins said when the development was announced. <\/p>\n\n\n\n

“Investment potential within KZN will also be significantly enhanced, and this is certainly a positive indicator for future investment opportunities within South Africa.\u201d<\/p>\n\n\n\n

Auria CEO Barry Kaganson also commented on the development, noting that the location was a major benefit to the retirement village.<\/p>\n\n\n\n

“We\u2019re unaware of any other development of this nature in South Africa, or indeed globally, with a location as exceptional,” Kaganson said.<\/p>\n\n\n\n

The retirement village has several property options, including garden villas, Maisonettes, and serviced apartments.<\/p>\n\n\n\n

It also has a specialised care centre that provides assisted living, frail care, and dementia care for residents.<\/p>\n\n\n\n

One of Coral Cove’s first residents was Penny Rey Coelen, A South African model and beauty queen who won the Miss World Title in 1958.<\/p>\n\n\n\n

The North Coast has recently seen a boom in its property market as South Africans look to move from larger cities to coastal areas, in a trend known as “semigration”.<\/p>\n\n\n\n

While Cape Town is often identified as South Africa’s semigration hotspot, the North Coast has also seen extensive luxury developments, including the opening of a Club Med resort earlier this year.<\/p>\n\n\n\n

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Photos of Coral Cove<\/h2>\n\n\n\n
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The Competition Commission has approved the sale of Coral Cove, without conditions.<\/p>\n","protected":false},"author":131,"featured_media":877725,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"failed","_sma_x_autopost_error":"Instagram publishing failed: Instagram returned HTTP 400: Media ID is not available","_sma_x_post_id":"2105645672762425698","_sma_facebook_post_id":"191437357620492_2222927665194299","_sma_instagram_post_id":"","_sma_x_attempts":1,"footnotes":""},"categories":[9876],"tags":[26668,21710,26667,6198],"class_list":["post-877688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle","tag-auria","tag-collins-residential","tag-coral-cove","tag-growthpoint-properties"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/877688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/131"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=877688"}],"version-history":[{"count":26,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/877688\/revisions"}],"predecessor-version":[{"id":877902,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/877688\/revisions\/877902"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/877725"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=877688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=877688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=877688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}