Business Day (Late Final), Home Front - 19 May 2017
Category Cornubia News
Financial services group MMI Holdings has taken occupation of its new, purposebuilt R306m KwaZuluNatal regional headquarters in Cornubia, on Durban's north coast. The move underlines the success of the multibillionrand mixeduse development, a joint venture between Tongaat Hulett Development, the property development arm of agriculture and agriprocessing.company Tongaat Hulett, and the Ethekwini municipality.
MMI's nearly 13,000m2 flagship building will house more than 800 employees, consolidating staff from its Metropolitan Life, Metropolitan Health and Momentum Health subsidiaries under one roof from various offices in neighbouring Umhlanga. Access to Cornubia is being enhanced by the rollout of the GO!Durban integrated rapid public transport network, while a 1.61millionstrong labour force has a literacy rate of 84.3%. In addition, their neutral accent mean a work force suited to business process outsourcing. Eris Property Group managed the development of the MMI building. Development manager Stephen Lawson says that given Cornubia's location and that many staff are from the Umhlanga, Phoenix and KwaMashu area it made sense for MMI to locate its offices here. "Also, the public transport routes that run through the precinct made it an obvious choice." Says Mtura Matshini, development executive at Tongaat Hulett Developments: "The rapid pace at which new tenants are taking up space at MMI moves into Cornubia flagship office Cornubia is testament to the appeal of the development to organisations of all descriptions
Author: Business Day (Late Final), Home Front - 19 May 2017