JSE-listed Balwin Properties has concluded an agreement to buy, from Tongaat Hulett Development, Portion 3 & 4 of Erf 3465 Umhlanga Rocks; Portion 6 of ERF 3465 Umhlanga Rocks; the remainder of Erf 3434 Umhlanga Rocks; and the remainder of Erf 3465 and 3457 Umhlanga Rocks, measuring 64 ha in extent, for R167.26-million. The properties are situated within the Izinga Precinct north of Umhlanga Ridge and above the town of Umhlanga Rocks, and is close to the commercial hub of Umhlanga.