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Overall Development

Q1 What are the major components of Cotswold Downs?
A1 A1 Cotswold Downs is a 242 hectare residential golf estate with 621 freehold sites for individual homes, 7 sites for simplex and duplex developments, a lodge site, a championship golf course and an impressive Lifestyle Centre. It also offers a 59 hectare equestrian estate, Cotswold Fenns, with 131 freehold sites for individual homes, which also falls under the Cotswold Downs Home Owners Association. There are three phases to the development: Phases 1 & 2 being the golf estate and Phase 3 being the equestrian component.

Q2 What sets the design of Cotswold Downs apart from other golf course estates?
A2 A2 Cotswold Downs is an extremely low density estate with less than 3 units per ha. Of the 302 ha, 200 ha remains undeveloped. The architectural code is also unique and the golf course is world-class.

Q3 The Hillcrest area is growing rapidly with many new developments. How will the extra traffic be accommodated, particularly along Inanda Road, and how will improvements be financed?
A3 A3 Cotswold Downs, like other developments in the area, has entered into an agreement with the eThekwini Municipality whereby for every unit built, the developer will contribute R10 000 towards the upgrading of roads. According to the eThekwini Municipality upgrading of roads in the area is to commence during 2007.

Q4 Who is the developer?
A4 A4 The developer is the Cotswold Downs Development Company (Pty) Ltd.
The executive directors who will be responsible for the development of the project are:
Keith Wakefield, CEO and major shareholder of Wakefields, KwaZulu-Natal’s largest estate agents and one of the largest privately owned property companies in South Africa.
Nico van Rooyen, Director and shareholder of Global Property Investments, a major property development company which has been involved in projects totaling R2 billion to date. The company specialises in upmarket residential developments including a number at Mount Edgecombe Country Club Estate (R40 million) and Zimbali Coastal Resort (R50 million).

Q5 What financial backing does the development company have?
A5 A5 The entire development is bond free. A predetermined number of sales options were concluded to ensure the demand and success of the development. The sales options were well received by investors and were oversubscribed.