Right within the province of KwaZulu-Natal, the Melomed Richards Bay Hospital in South Africa successfully completed its development works in July 2017. The Crane Construction Consultants served as the project’s PQS (professional quantity surveyor). Meanwhile, its principal agent was PMSA – Pan Mixers South Africa.
In total, the project’s development took 19 months, with a contract value of R204 million. The 99-bed, three-story hospital spans over 9,733 meters squared. Moreover, the hospital includes radiology, MRI as well as CT facilities alongside, Lamina Flow Theatres. Additionally, the hospitals also include maternity, ante-natal, and pediatric wards.
Quite impressively, the Melomed Richards Bay Hospital project created about 200 direct and indirect jobs. Moreover, about 75% of the entire staff are local workers.
Reported On 10 September 2015
South Africa: Construction of US $18.61m Melomed Richards Bay hospital to end in 2016
Liberty Properties has expanded its cash to the health care sector after the signing of a 20-year lease agreement with Melomed Richards Bay – a black-owned private hospital group – for the development of Melomed Richards Bay hospital at John Ross Eco Junction, in Richards Bay, KwaZulu-Natal, South Africa.
The private hospital will occupy an area of 10,000, with the capacity to accommodate 100 beds.
Liberty Properties will develop the hospital in conjunction with Tuscaloosa as a co-owner, with construction work expected to begin in the third quarter of 2015. Tuscaloosa will also operate as a landlord with Melomed being the tenant, after the completion of construction slated to be at the end of 2016.
The hospital would offer services to the uMhlathuze Municipality plus areas such as Richards Bay, Empangeni, Mtunzini, and KwaMbonambi. The new property development will form part of the Liberty Properties portfolio, which includes Promenade Shopping Center in the Western Cape, Sandton City, Eastgate in Gauteng, and Midlands Mall in KwaZulu.
According to the Direct Property Investment Franchise Head for Stanlib Amelia Beattie, Melomed Richards Bay hospital will help enhance the returns.
