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IFA Hotels & Resorts announced the launch of Zimbali Suites, a prestigious R400 million development - SOLD OUT at launch

IFA Hotels & Resorts (IFA), a global leader in the development of premier integrated mixed-use hotel and resort projects, today announced the launch of Zimbali Suites, a prestigious R400 million development that will enable discerning buyers to not only invest in world-class serviced hotel condominiums, but also access a wide range of services, activities and amenities offered by the award-winning and exclusive Zimbali Coastal Resort and Fairmont Zimbali Resort.

“Zimbali Suites is the most significant development milestone for Zimbali since the opening of the prestigious Fairmont Zimbali Resort in June 2010. The launch of Zimbali Suites in these challenging economic times is a positive endorsement of the internationally renowned Zimbali brand and an important vote of confidence for new investment into the region,” said Phillip de Sylva, IFA’s Vice President, Operations (Africa & Indian Ocean), at a press conference ahead of the 2 November launch and sales event.

“Not only is the Zimbali Suites development an exciting new offering in IFA’s impressive portfolio in Zimbali, but it will also see the realisation of the second phase in the development of the Fairmont Zimbali Hotel and Resort precinct, bringing the total value of this development alone to almost R1billion,” he said.

Zimbali Suites comprises 131 individual condosto be sold on a sectional title basis and located directly alongside the Fairmont Zimbali Hotel. Investors have a choice of smart, efficiently designed units that extend from 36.2 m² one-bedroomed condos to 133m² three-bedroomed penthouses. The package includes secure undercover parking, contemporary design aesthetics, quality fittings, fully fitted kitchens and breathtaking sea views from most of the units.

The sales and launch event is scheduled to take place on Saturday, 2 November at the Fairmont Zimbali Hotel. The limited release launch will see units being offered with special VAT inclusive launch prices starting at R950 000 for a 1-bedroomed condo and R1, 950,000 for a 2-bedroomed condo. Prior registration to attend the event is a requirement and can be arranged at www.zimbalisuites.co.za or 032 538 1205.

“This is an opportunity to buy a piece of paradise – a luxurious serviced suite in arguably the most sought-after development in the country. Investors can not only look forward to a world class suite that echoes the quality, craftsmanship and unique style reflected throughout Zimbali, but also enjoy this against a backdrop of unspoiled coastline, rolling hills and lush flora and fauna that have come to define Zimbali,” said Piaras Moriarty, IFA’s Vice President of Sales & Marketing.

Moriarty added that Zimbali Suites was a perfect marriage between African beauty and first world convenience. “Zimbali Suites gives you the freedom to unwind and escape the chaos of noisy, cluttered urban living while still enjoying every modern convenience and innovation on offer. It also gives lock up and go a whole new meaning – Zimbali Suites’ close proximity to the King Shaka International Airport coupled with transportation services on offer, literally makes a meeting in Gauteng or the Western Cape almost as easy to attend as one in Durban!”

Moriarty also said that IFA, who will be selling the units through an exclusive mandate, has formed a strategic association with real estate giant Keller Williams, the largest real estate agency operation in the USA,that is now establishing itself in South Africa, and that the synergies that exist in this association would be value-enhancing for IFA’s existing businesses and clients.

In addition to being the perfect location, Zimbali suites also affords investors an excellent opportunity to benefit from a rental programme managed on their behalf by IFA’s dedicated operations team should they wish to let their condo’s. Competitive furniture packages will also be offered to investors.

The menu of services available to investors extends from beach access and experiences offered through the Fairmont Zimbali Hotel and Beach Club, golf at the Zimbali Country Club to practical services that encompass reactionary and planned maintenance, housekeeping and add-on service delivery to owners and occupiers of the condo’s as well as the provision of strategic facilities management services.

The packaging of Zimbali Suites as a world-class lifestyle investment stems from IFA’s’ established presence throughout Europe, the Middle East, North America and the Africa and Indian Ocean Region.

The company’s entrance into exclusive resort development and their first foray into the hospitality sector dates back to the 1980s with the acquisition and development of the Pine Cliffs resort on the Algarve in Portugal. IFA remains a specialist on a global scale in varied resort developments with unique attributes and a solid reputation for successful delivery of highly desirable lifestyle investment opportunities.
 
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