A R160 million lease agreement between Dube Tradeport and Eureka Capital has been signed which will see a state of the art innovation hub and office block being built.

Saxen van Coller, CEO, Dube TradePort Corporation, said, “Eureka Capital is the first major private sector investor in our Dube City precinct; this landmark deal is a testament to Dube TradePort’s ability to attract investment into KwaZulu-Natal. We credit this success to our sustained efforts to develop Dube TradePort as a multi-modular logistics platform combining world-class infrastructure and exceptional service that culminates in an ideal environment for doing business.”

The innovation hub by Eureka Capital aims to accelerate the growth of knowledge-intensive enterprises, providing established businesses, as well as startups, with an incubation facility that brings together: academics, researchers, entrepreneurs and venture capitalists under one roof.

Eureka Capital will be leveraging off over 17 years of international experience of its parent company, Eureka Finance, in investing in and developing a wide range of infrastructural projects and innovation hubs around the world. The organization has developed a proven model of operating such hubs in the Middle East, USA and China.

Construction is set to commence in March 2016.