Syncerus boss speaks on KZN’s big Club Med and Seaton developments

You can also listen to this podcast on iono.fm here.

Welcome to The Property Pod, South Africa’s leading property investor podcast right here on Moneyweb, now available as a vodcast on our YouTube channel dubbed ‘MoneywebTV’.

On this weekly show we gain insider insights from leading CEOs, executives, analysts and developers in South Africa’s dynamic real estate sector.

Today marks a milestone – our 200th episode. We have an entrepreneur of sorts and a leading player in the SA property and hospitality scene on this special edition. He is Murray Collins, the CEO of Syncerus Holdings.

Syncerus has a subsidiary that has a more popular name, Collins Residential, which has a number of developments in KwaZulu-Natal (KZN), particularly on the North Coast. These include the R2 billion Club Med SA resort development that is opening later this year at Tinley Manor, in addition to estates such as Zululami and Seaton.

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Read/listen:
Vantage Capital exits Seaton Estates investment on KZN North Coast
NSRI secures water safety role at new North Coast Club Med SA resort
Club Med SA beach resort will ‘change the North Coast forever’
Ilembe Chamber boss on the North Coast property boom
New Zimbali marina and estate planned in R20bn rollout

Syncerus is the new holding company linked to various investments of the Collins family, excluding the JSE-listed Collins Property Group, which is chaired by Murray’s brother, Ken Collins.

We had Murray on the podcast back in 2021. That was a long time ago, and a lot has changed in KZN since then. In 2023, Collins Residential confirmed it would be leading the Club Med development, with financial backing from Absa, African Bank and the Industrial Development Corporation.

Both the Zululami and Seaton estates on the North Coast have seen billions of rand in investment over the past eight years, including the Coral Cove project by Auria Senior Living, which was bought by Growthpoint Property Partners last year.

But more developments are on the cards for Seaton, with R110 million being invested in a new private school (Seaton House), and a more than 200 000m² ‘Seaton Commercial Precinct’ being planned.

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Murray Collins, CEO of Syncerus Holdings. Image: Supplied

Shot of the Club Med resort taken in mid-March. Image: Supplied

One of the resort pools. Image: Supplied

Artist impression of the new Seaton House private school being developed at the Seaton Estate. Image: Supplied

Aerial view of the sea-facing section of Seaton Estate. Image: Supplied

Syncerus and Collins Residential also have a partnership with Royal Shaka Property Group, linked to KZN sugar baron Patrick Sokhela. The group has extensive tracts of land on the upper North Coast.

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Read/listen:
Auria Senior Living snapped up for R2.4bn by Growthpoint Healthcare
Club Med South Africa resort launch prices revealed
‘Club Med beach resort will be transformational for SA tourism’ – Absa boss [Oct 2024]
Collins Residential secures R1bn Auria Senior Living estate for North Coast [Nov 2021]
New mega players in North Coast property boom [Nov 2018]

On this week’s episode, Murray Collins shares insights on why Syncerus has been established and gives updates on the broader group’s flagship property developments as well as insights on the KZN property market.

* You can listen to the full podcast above or download it from iono, Spotify or Apple Podcasts. 

For previous episodes of The Property Pod, click here. 

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