Kwazulu-Natal Business News

Send  Share  RSS  Twitter  09 Feb 2012

PROPERTY: New Greyville Lofts Offer Stylish & Affordable Accommodation


Recent Kwazulu-Natal Business News

Students are clamouring to find affordable accommodation countrywide. In Durban, the situation is no different, and made worse by unscrupulous property owners taking advantage of the demand curve and positioning themselves to take advantage of financially strapped students.

The Aengus Property Group, which specialises in student accommodation, has recognised the need for safe and affordable student accommodation and as such has been working closely with Durban’s academic leadership to fill this accommodation chasm.

Aengus is renowned for successfully pioneering the conversion of mothballed commercial buildings into upmarket loft-style apartment buildings in city centres, playing a key role in the current urban rejuvenation revolutions taking place. Johannesburg’s formerly derelict Braamfontein area is a shining example of this sort of upliftment, with Aengus-Owned Loft Apartments attracting a high calibre of young professionals and students opting to live in stylish accommodation at affordable rates.

Following suit, Aengus will unveil brand new student accommodation in Durban’s Greyville area in February, in the form of three lovingly restored Victorian buildings playing host to one-bedroom loft-style apartments kitted out with all the modern conveniences a student could dream of.

Says Aengus CEO, Richard Rubin, “Our strategy has always been to add value to the areas we develop properties in. We also like to tread lightly, so where buildings contain aesthetic architectural value, such as the buildings in Greyville, we pay homage to that. We also have strict selection criteria for students, in order to attract the kind of individuals looking to live in an upmarket environment that also provides more peace and quiet than other communal type residences would.”

New Greyville Lofts – Safe and Affordable

This project holds a special place in Rubin’s heart. A born and bred Durbanite, he has fond memories of growing up there and in a gesture of good faith, has decided that funds from the accommodation will be donated to charity instead of the company’s bottom line. “It’s great to be able to give something back to the city and to students who clearly need safe and affordable accommodation. I’m also proud of being able to contribute to the area’s regeneration.” says Rubin.

The three refurbished, double-story buildings are situated in Mitchell Crescent, a quiet suburban area close to the Greyville race track. They are also within walking distance of Florida Road, famed for its youthful, trendy vibe and menagerie of eateries and entertainment spots, a favourite among students, small business owners and tourists.

New Greyville Lofts – A New Way of Living

This new way of living is game changer for students who can toss out their second-hand desks and drab old beds and live instead in affordable luxury. Providing a total of 200 beds, the apartments are fully furnished with en-suite bathrooms and kitchens fitted with a fridge. To keep globally connected, each unit comes standard with Wi-Fi, and the technology also extends to security features with buildings equipped with fingerprint access control and a 24-hour guard. The apartments are within walking distance of Durban University of Technology, saving students and parents monthly transportation costs.

The buildings and students are governed very strictly. Along with the stringent tenant selection criteria, the buildings are cared for and maintained by Aengus Property Management, a division of the Aengus Property Group, which has an impeccable track record of managing its students and keeping the buildings in good condition.

Students can expect to pay between R1400 and R2350 per month on a 10-month lease. *

The new Greyville loft apartment buildings can be found on 26 Mitchell Crescent, which also houses Aengus’ Durban office.


Online Foreign Exchange
Foreign Exchange


Fax 2 Email



Online Casino


Shop Online

Study IT
Study IT Online

Web design
Web Design


Work from Home
Company News


© 2021 All rights reserved.

Daily Newsletter Subscription


Subscribe to the Kwazulu-Natal Business News Daily News and information email (it's free).

Thank You
Your email address has been added.

Email Address: