Durban's economy is set to benefit from a massive R449m private student residence development located in Glenwood, Durban
Source: Supplied.
With construction progressing toward 2026 completion, the project is set to deliver nearly 2,500 beds, and is expected to create jobs, support local businesses, and play a vital role in addressing KwaZulu-Natal’s student housing shortage.
The development, led by Enza Construction for Growthpoint Properties, forms part of broader efforts to address KZN’s student housing shortage while stimulating inclusive economic growth.
Surrounding communities including Berea, Glenwood, Cato Crest, and Manor Gardens are expected to benefit directly from job creation and local procurement.
Job creation and community impact
Construction is projected to generate about 1,200 temporary jobs, with a further 50 permanent roles created once the facility becomes operational in areas such as maintenance, building management, and security. The project’s mixed-use design, which includes a ground-floor retail component, is expected to attract additional small-business activity to the area.
A significant portion of the project has been earmarked for participation by local SMMEs and job seekers. Property Point, on behalf of Growthpoint, is managing this community involvement process, which includes direct engagement with stakeholder communities to build social capital and capacity, as well as liaising with the main contractor to align local skills with available project opportunities.
Developing local enterprises beyond construction
To ensure lasting economic benefits, Property Point has launched a 24-month enterprise development programme aimed at building the capacity of local SMMEs.
The programme, which began in October 2025, focuses on compliance readiness, technical training, and soft-skills development to help small businesses compete for opportunities on the new student-accommodation project and beyond.
According to Shawn Theunissen, founder of Property Point, the development is an opportunity to demonstrate how infrastructure investment can deliver tangible value to local communities.
“This project is more than a construction site — it is a platform for local businesses and workers to participate meaningfully in the province’s growth.
"When we intentionally include SMMEs and invest in their capabilities, we strengthen the entire economic ecosystem. Our goal is to ensure that communities benefit not just during construction, but long after the project is complete.”
Unsurprisingly, this emphasis on inclusion has resonated strongly with local SMMEs, many of whom are eager to get involved.
High interest from local SMMEs has highlighted the need for ongoing communication around project timelines. Many businesses expressed eagerness to participate even before relevant construction phases began. The project team continues to provide updates to ensure readiness and fair access to opportunities as they arise.
As Durban positions itself as a gateway to Africa, the student-residence development demonstrates how large-scale infrastructure can be leveraged to expand opportunities for workers, communities, and emerging businesses.
Bizcommunity has noted that the University of KwaZulu-Natal (UKZN) was incorrectly linked to the private student accommodation development outside its Howard College campus. UKZN has stated that it categorically has no association whatsoever with this private student accommodation development. Although it is situated in close proximity to the Howard College campus, the property is privately owned and lies outside the University’s boundaries. UKZN, therefore, has no jurisdiction or involvement in this development.
