“Further Investment Is Planned”: Durban-Born Company Announces R2 Billion Boost for KZN

• Shree Property Holdings announced a R2 billion investment programme to expand industrial and logistics property across KwaZulu-Natal over three years
• The plan targets the South Durban Basin and North Coast, with major redevelopment projects along South Coast Road near the Port of Durban
• South Africans praised the Durban-born company for its growth and commitment to investing in the country's economic future

Shree Property Holdings, the KwaZulu-Natal-based property group, announced a R2 billion investment commitment in October 2026 to grow and modernise industrial and logistics infrastructure across the province.

The three-year programme, led by CEO Pran Shree, targets two key corridors. The South Durban Basin will receive the bulk of the investment, with significant acquisitions and redevelopment of legacy industrial sites positioned close to major transport routes and the Port of Durban. A further R400 million has been earmarked for a new warehousing facility at Woodmead Industrial Park in Shakaskraal along the North Coast, responding to growing commercial and residential demand in the area.

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South Coast road redevelopment

Two major sites sit at the centre of the programme. The former Plascon and Tiger Brands properties at 1236 and 1400 South Coast Road will be transformed into modern, high-specification distribution hubs for the next generation of logistics and warehousing businesses. Together, the two sites are expected to add roughly 80,000 square metres of AAA-grade industrial space. The overall investment into the South Coast Road redevelopment exceeds R1.6 billion.

The company's KwaZulu-Natal footprint is set to push well past one million square metres, with a target of adding 200,000 m² of premium industrial space across the portfolio.

See the original Facebook post from Shree Property Holdings:

KZN residents react to the announcement

The news on the Facebook page drew widespread praise, though some also raised questions about broader economic priorities:

@Anthon van Weers said:

"To Pran and the team at Shree Prop. You guys are incredible and have built a small Durban business into a world-class multi-billion rand international operation. So proud of you guys!!"

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@Mthunzi Sibiya wrote:

"Congratulations Shree Prop, one of the most fascinating and inspiring companies to come out of Durban. I love this company. Guys, as a young African, how does one get an opportunity to enter the warehousing and logistics industry?"

@Teddy Govender shared:

"Congratulations, Mr Shree, for the smart work. Well done to Mrs Shree and the boys for being the support. It started at 333 Sydney Road; now it's international, all by God's Grace."

@Sbongiseni Meyiwa raised a different view:

"Why are we building more warehouses instead of investing in agriculture and building more farms? A warehouse stores goods, but a farm produces food, creates opportunities, and feeds a nation."

More on KwaZulu-Natal

• Briefly News recently reported that a KZN contractor claimed he personally funded R24 million towards a Verulam primary school project after struggling to receive payments from the provincial government.
• A family tragedy unfolded in Oakford after a man allegedly set his elderly mother’s container home alight following an argument.
• eThekwini Municipality secured 5,000 additional rabies vaccine doses after two men died following exposure to the same infected dog.

Source: Briefly News