Evergreen Gated Community — Project Development Plan

EEH’s development strategy encompasses three distinct but complementary estates, each positioned in a different province and targeting a specific geographic market while maintaining a consistent brand promise. The phased approach enables capital recycling, operational learning, and risk mitigation.

Section 6 · Business Plan

Project Development Plan

6.1 Estate Portfolio Overview

Estate 1: Evergreen Ridge — Gauteng (Phase 1)

Parameter	Detail
Location	Northern Tshwane corridor (Centurion / Irene growth node)
Total Land Area	48 hectares
Residential Units	220 (80 freestanding stands, 60 clusters, 80 apartments)
Commercial Component	2,500 m² convenience retail + co-working hub
Amenities	Clubhouse, pool, gym, 3km trail network, sports courts, park
Estimated GDV	R680,000,000
Capital Required	R325,000,000
Green Space	35% of total land area
Timeline	Year 1–3 (construction Year 1.5–3)

Estate 2: Evergreen Bay — Western Cape (Phase 2)

Parameter	Detail
Location	Helderberg / Somerset West corridor
Total Land Area	38 hectares
Residential Units	180 (50 freestanding, 60 clusters, 70 apartments)
Commercial Component	1,800 m² retail + wellness centre
Amenities	Clubhouse, pool, mountain-view trail network, playground, dam
Estimated GDV	R650,000,000
Capital Required	R310,000,000
Green Space	40% of total land area
Timeline	Year 2–4.5 (construction Year 2.5–4.5)

Estate 3: Evergreen Cove — KwaZulu-Natal (Phase 3)

Parameter	Detail
Location	Umhlanga / Ballito North Coast corridor
Total Land Area	55 hectares
Residential Units	160 (40 freestanding, 50 clusters, 70 apartments)
Commercial Component	2,200 m² retail + beachside wellness
Amenities	Clubhouse, resort pool, 5km coastal trail, gym, tennis, paddle
Estimated GDV	R520,000,000
Capital Required	R255,000,000
Green Space	50% dedicated to natural conservation
Timeline	Year 3–6 (construction Year 3.5–6)

6.2 Development Timeline

Activity	Duration	Dependencies	Deliverable
Site Identification & Due Diligence	2–4 months	Market analysis, geotechnical	Site acquisition report
Land Acquisition & Transfer	3–5 months	Legal DD, financing	Title deed transfer
Rezoning & Township Est.	8–14 months	Municipal application, public participation	Approved township layout
Environmental Impact Assessment	4–8 months	Specialist studies, DFFE approval	EIA Record of Decision
Master Planning & Design	4–6 months	Approved layout, geotechnical	Final estate master plan
NHBRC Enrolment	1–2 months	Approved plans	NHBRC certificate
Bulk Infrastructure	6–9 months	Municipal agreements	Bulk services certificate
Phase 1 Construction	12–18 months	Infrastructure completion	Practical completion
Show House & Sales Launch	From Month 14	Construction progress	First pre-sales
Estate Facilities Construction	8–12 months	Concurrent with housing	Facilities commissioning
HOA Establishment	Month 18–24	First occupations	HOA registered & operational

6.3 Implementation Gantt Chart

The following Gantt chart presents the consolidated programme across all three estates, demonstrating the overlapping development strategy that enables capital recycling and continuous revenue generation.

Activity	H1 Y1	H2 Y1	H1 Y2	H2 Y2	H1 Y3	H2 Y3	H1 Y4	H2 Y4	H1 Y5	H2 Y5	H1 Y6
E1: Land & Approvals	█	█	█
E1: Infrastructure			█	█	█
E1: Construction Ph A				█	█	█
E1: Construction Ph B					█	█	█
E1: Sales & Transfer					█	█	█	█
E2: Land & Approvals			█	█	█	█
E2: Infrastructure					█	█	█
E2: Construction						█	█	█	█
E2: Sales & Transfer							█	█	█	█
E3: Land & Approvals					█	█	█	█
E3: Infrastructure							█	█	█
E3: Construction								█	█	█	█
E3: Sales & Transfer									█	█	█

Legend: ██ Evergreen Ridge (GP) ██ Evergreen Bay
(WC) ██ Evergreen Cove (KZN)

This document contains proprietary and confidential information. Distribution without written consent is prohibited.