Urbanova — Development & Growth Strategy

The phased geographic rollout, the site selection criteria and the portfolio build trajectory underpinning Urbanova.

Urbanova Business PlanSection 11 › Development & Growth Strategy

Section 11 · Business Plan

Development & Growth Strategy

The phased geographic rollout, the site selection criteria and the portfolio build trajectory underpinning Urbanova.

7.1 Phased Geographic Rollout

Phase Geography Target nodes Units (cum.) Period
Phase 1 Johannesburg & Pretoria JHB CBD, Braamfontein, Rosebank fringe, Sandton fringe, Pretoria West 1,200 → 3,800 FY2027–FY2028
Phase 2 Cape Town & Durban Salt River, Woodstock, Bellville, Durban CBD, Umhlanga fringe → 12,500 FY2028–FY2030
Phase 3 Secondary cities Gqeberha, Bloemfontein, Polokwane → 20,000 FY2030–FY2031

7.2 Site Selection Criteria

  • Within 1km of a Gautrain, BRT, rail or primary taxi route node;
    employment density within a 30-minute commute.
  • Land or refurbishable building stock acquirable below R95,000 per
    achievable unit (≤22% of all-in cost).
  • Zoning or realistic rezoning path to residential densities of
    300+ units/ha; bulk services capacity confirmed.
  • Precinct potential: adjacent parcels, activatable ground-floor
    retail, and public-realm partners (city improvement districts).
  • Urban development zone (UDZ) tax-incentive eligibility where
    available, improving after-tax project returns.

7.3 Portfolio Build Trajectory

Figure 8
Figure 8: Unit delivery and cumulative portfolio to 20,000 units
EXECUTION REALITY CHECK

Delivering 7,500 units in FY2031 alone implies completing roughly 21 units every day . Divercity, the reference model,
assembled ±6,500 units over approximately seven years. Urbanova’s
trajectory is 3x that pace at peak. The plan is achievable only with
parallel EPC contractors across 8–12 simultaneous sites, modular/precast
construction methods, and a development team of 60+ professionals by
FY2029. Lenders should consider a covenant package that tests
units-delivered milestones, not only financial ratios.

Confidential — this business plan is provided to prospective investors and lenders for evaluation purposes only and may not be reproduced or distributed without the written consent of Urbanova Living Developments (Pty) Ltd.