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                      ZIMBALI COASTAL RESORT’S
    7 CHERRYWOOD LANE SETS THE BENCHMARK AT ZAR 35
                                  MILLION


[ZIMBALI COASTAL RESORT, KZN, SOUTH AFRICA, 2007] Zimbali Coastal Resort‟s
7 Cherrywood Lane boasts magnificent, expansive sea views and stands
proud in one of the very best positions on the East Coast of South Africa. A
sea view unequalled, coupled with unparalleled architectural integrity,
master-crafted finishes, leading edge home automation systems and the fact
that this magnum opus is set within a benchmark environmentally sensitive
award winning development, has earned the property the highest price tag
to date within Zimbali Coastal Resort.


The asking price on 7 Cherrywood Lane is ZAR 35 million and when one
considers that Zimbali was founded on the ethos of “Living in Harmony with
Nature” and that the Resort is managed in this manner on a daily basis, it is
little wonder that homes on the market in this pristine environment are
fetching amongst the highest in the province.




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Andreas Wassenaar, Sales and Marketing Director Zimbali Coastal Resort
comments, “With an incredible coastal positioning, Zimbali is naturally
endowed with an ecological richness as well as biological diversity. These
include lowland and coastal dune forest and wetland vegetation and scrub
which are the natural habitats for the many bush buck, grey and blue duiker,
crested guinea fowl, bush pig, and mongoose that live in Zimbali.”


He goes on to comment that, “A preservation ethos was, and still is, vital to
ensure these habitats are nurtured and sustained for all to enjoy.” Add to the
superb environmental mix a home that is luxurious and spectacular on every
level, and it is little wonder that 7 Cherrywood Lane has been earmarked as a
Zimbali masterpiece.


With expert design by leading architect Dennis Boyd and interior design
consultants Partners in Design, this home re-defines the concept of hand
crafted quality with only the very best materials and master craftsmen being
utilised and who have, with 7 Cherrywood Lane, reached the pinnacles in
their respective disciplines.


This property has been designed around the premise of the interior
embracing exterior. This has resulted in a voluminous, airy and light open-
planned entrance which gives way to the spectacular living, dining and
entertainment areas on the ground floor. The accommodation wings form
two pavilions, which create a perfectly balanced façade. The four ultra-
private bedrooms all incorporate designer finishes and lavish en suite
bathrooms with state-of-the art fittings and dressing rooms. A fifth „teenager‟s
room‟ or staff room with en-suite bathroom is located off the ground floor with
a semi-private entrance.


An entertainment room like no other is a major feature of the home. A Bang
& Olufsen remote home entertainment system with large screen television, a
pool table, chunky and uber-comfortable furnishings makes this room one of
the most spectacular „play rooms‟ in Zimbali! High Definition LCD televisions



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are strategically positioned throughout the house. An advanced CCTV Pirs
Complete Homation fully integrated security system as befits 7 Cherrywood
Lane is to date unrivalled on the Resort


The extensive use of travertine marble floors and surfacing, solid, hand crafted
Mahogany doors, architraves, skirtings and cornices and the design integrity
in every detail simply translates into a home which is both immediately
desirable and impressive.    This approach is echoed throughout the home
which proudly displays an imported Poggenphol fully fitted gourmet kitchen
with Cesar Stone worktops, Gaggenua appliances and a Scotsman ice
machine. The open plan dining room and kitchen, 3 lounges and large built
in bar are testament to the fact that 7 Cherrywood Lane was built to be
enjoyed and embody the ultimate design ethos in terms of entertainment
capability.


Double volume rooms,        expansive entertainment areas and the elegant
infinity rim flow pool embraced by the lush tropical vegetation , makes this
property idyllic – for a year-round home or for holiday usage.


7 Cherrywood Lane is 1,004 square metres of ultra-luxury. Built on a
beachfront site of 2,641 m2 with wide-open spaces encompassing both
pristine coastland and seascape vistas the house and its habitat are a perfect
compliment and outstanding example of man living in harmony with nature.


Andreas Wassenaar says, “7 Cherrywood Lane is a rare gem and it is unlikely
that this property can be equalled in terms of position, security, design and
use in KZN. It is certainly a benchmark home within Zimbali Coastal Resort and
based within an environment that comes with the complete freedom and
tranquillity that is experienced by residents and visitors to an environmentally
sensitive development we are confident that the property will fetch a record
price.”




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Architectural and environmental sensitive integrity are hallmarks of Zimbali‟s
success and part of the reason why the Resort has in the past and still
continues to attract ever increasing interest from both international and local
investors. Property prices in Zimbali Coastal Resort have grown by over 500%
over the past five years and the trend in terms of sales and value continues to
bode extremely well for both established and new comers to the area.


For further information on Zimbali Coastal Resort and 7 Cherrywood Lane, visit
www.zimbali.co.za or contact the Zimbali Sales Centre:
Telephone:   +27 32 538 1984
Fax:         +27 32 538 1986
Mobile:      +27 83 409 2666/7
E-mail:      sales@zimbali.co.za


ENDS

About TONGAAT HULETT DEVELOPMENTS (PREVIOUSLY MORELAND
DEVELOPMENTS) - IFA HOTELS & RESORTS (MIFAZ)

TONGAAT-HULETT GROUP

The Tongaat-Hulett Group is a major SA company which is listed on the
Johannesburg and London Stock Exchanges and has a US dollar 1,1 billion in
assets including 25 000 hectares (250 million m2) and more than 20 000
employees across Southern Africa, and is the largest listed company with its
headquarters in KZN.


It has 4 major operating companies namely:

- Tongaat Hulett Sugar
- Tongaat Hulett Starch
- Tongaat Hulett Developments


TONGAAT HULETT DEVELOPMENTS

Tongaat Hulett Developments (previously Moreland Developments) is the
property development company of the Tongaat-Hulett Group and is
recognised as one of the leading land development companies in South
Africa.

Tongaat Hulett Developments‟ projects are benchmarked to leading


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international standards, span the entire property spectrum and are located
along the eastern seaboard of the Province of KwaZulu-Natal in South Africa,
primarily in the north Durban region. Since 1992, the company has developed
more that 1000 ha (10 000 000 m2) of land resulting in investment
infrastructure, the environment buildings, equipment and finishes in the order
of R10 billion (US$1,5 billion), focused on providing a top quality, premier
lifestyle www.thdev.co.za

In an initial investment of $10m, the IFA group acquired a 50% equity stake in
Moreland‟s renowned Zimbali Coastal Resort in the KwaZulu-Natal region,
north of Durban, South Africa.

This is now held by IFA SA. IFA SA is responsible for the Sales and Marketing for
the Zimbali Coastal Resort and Moreland Development is responsible for the
technical and development functions.

www.zimbali.co.za; www.thdev.co.za




About IFA HOTELS & RESORTS – www.ifahotelsresorts.com

IFA Hotels & Resorts Limited (IFA SA) listed on the JSE (the Johannesburg Stock
Exchange) in February 2006. It owns the exclusive Zimbali Lodge on Kwa-Zulu
Natal‟s north coast, rated by Condé Naste as one of the world‟s top hotels,
and a 50% stake in the multi-million rand Zimbali Coastal Resort development.
The Zimbali Coastal Resort is jointly developed by IFA SA with Tongaat-Hulett‟s
Moreland Developments, and offers hotels, luxury residences, golf courses
and leisure facilities. IFA Hotels and Resorts K.S.C.C (IFA Kuwait), a subsidiary
of Kuwaiti-based International Financial Advisors (IFA), is the majority
stakeholder in IFA SA with an 85% interest. Listed on the Kuwait Stock
Exchange, IFA Kuwait has a market capitalisation of over US$1 billion.


IFA Hotels & Resorts (IFA HR), whose main shareholder is also IFA, is a leader in
the development of premier integrated and mixed-use hotel and tourism
resort projects throughout Europe, the Middle East, the Indian Ocean region
and Africa. It is listed on the Kuwait Stock Exchange, with a market
capitalization of US$ 2 billion.

IFA HR projects and investments in Dubai include The Fairmont Palm Hotel &
Resort, the Fairmont Palm Residence (www.fairmontpalmresidence.com), the
Crescent Resort on the Palm Island (to be managed by Fairmont Hotels &
Resort), The Palm Residence (Al Nabat and Al Haseer), the Palm Golden Mile
(www.thepalmgoldenmile.com) and the Movenpick Hotel & Residence
Laguna Tower Dubai (www.lagunatower.com). IFA HR‟s other projects are
the Kempinski Alabadiyah Hills in Beirut (www.abadiyahhills.com), a
shareholder in the Four Seasons Hotel in Beirut, the Zanzibar Beach Hotel &



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Resort (www.zanzibarbeachresort.com), the Zimbali Coastal Resort & Zimbali
Lakes         (www.zimbali.co.za)     and           the     Zimbali    Lodge
(www.zimbalilodge.co.za)(both through IFA SA), the Fairmont Zimbali
(www.fairmontzimbali.com), shareholder in 5 Lonrho Hotels in Kenya
(www.lonrhohotels.com) and in YOTEL (www.yotel.com), which owns two
YOTEL hotels in Heathrow and Gatwick, United Kingdom. IFA HR is also the
force    behind     the     super-premium      Sheraton      Algarve     Hotel
(www.luxurycollection.com)       and    Pine    Cliffs   Resort     (Portugal)
(www.pinecliffs.com), part of Starwood‟s Luxury Collection.

Globally, IFA HR has entered into strategic alliances and Joint Venture
partnerships with leading companies such as Kingdom Hotel Investment
Group (Saudi Arabia), Nakheel (UAE), United Investments Portugal, Savills
(United Kingdom), a strategic alliance with RCI (part of the Cendant‟s Group)
and Moreland Developments (Pty) Ltd (South Africa).

IFA HR aims to link its resorts to other parts of the globe, such as the US, the UK,
Mauritius, Eastern Europe and the Far East. This will offer investors and tourists
access to world class facilities through a network of hotels, residential resorts,
vacation and residence club destinations.

IFA HR‟s programme of brand acquisition and developer partnerships will
continue into the future and is evidenced by the ever growing strength of its
product range:

•      IFA - Hotels & Resorts
•      IFA - Lifestyle Membership Clubs
•      IFA - Vacation Ownership
•      IFA - Fractional Ownership
•      IFA - Hotel Ownership
•      IFA - Residences
•      IFA - Travel & Tourism
•      IFA Properties
•      IFA Yacht Ownership Club




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