BEEKMAN LIFESTYLE PORTFOLIO

Upgrade of Umhlanga Cabanas

Progress Update and Matters for the Annual General Meeting

Dear Owner,

We are delighted to be able to share some encouraging news with you on the upgrade of Umhlanga Cabanas.

We remain on track for reopening on 4 December 2026

Since works commenced in January 2026, our team and contractors have made steady progress on site. While we always need to remain a little cautious – weather and other factors beyond our control can still play a part – we are pleased to say that we are currently on schedule to welcome you back to a beautifully refurbished Umhlanga Cabanas on 4 December 2026. We cannot wait for you to see it.

A necessary increase in project costs

As we shared in our previous communication, the project was unfortunately delayed while we obtained the necessary sign-off from our neighbours and the Council to ensure that there were no objections to our planning approvals and relaxations. This process took considerably longer than anyone anticipated.

Those delays, together with the general cost increases we have all felt over the past period – fuel, materials, transport and labour have meant that the overall cost of the project has risen above the original estimate. This is despite the best efforts of the project team to contain costs wherever possible.

Proposed special levy of R9 000

To cover this shortfall and ensure the upgrade is completed to the standard you deserve, a special levy of R9 000 per week owned will be proposed to owners at the upcoming Annual General Meeting.

Please note that this is a proposal only at this stage. It will be tabled and voted on at the AGM.
The AGM pack will be sent to you in advance of the meeting.

Proposed annual levy increase of 5%

Separately from the special levy above, the annual levy for the coming year is proposed to increase by 5%. This reflects the ordinary year-on-year running costs of the resort. We are pleased that, through careful management, we have been able to keep this increase modest.
The proposed budget supporting this increase will also be included in your AGM pack for consideration.

Proposed new Management Regulations

The directors have also taken this opportunity to review the resort's Management Regulations. With a newly upgraded resort, it is the right moment to make sure the rules that govern how Umhlanga Cabanas is managed are modern, clear and firmly focused on one thing: making sure owners enjoy the best possible holiday, every time.

The new regulations are appended hereto.

A reminder about renting out your week

Beekman Holidays is the officially appointed rental agency for Umhlanga Cabanas.
If you are not going to use your week yourself, or bank it with iExchange, we would ask that you please place it with Beekman Holidays. As part of the award-winning Beekman Group, you can rest assured that your week is in professional hands and that everything is handled in full compliance with the relevant regulations and legislation.

On this note, we would also draw your attention to clause 8 of the proposed Management Regulations, which deals with external rentals. Regrettably, the use of unauthorised rental agents has in some instances led to fraud and considerable frustration for owners and guests alike. The directors have taken careful note of this in revising the rules, with the aim of protecting you and the reputation of the resort.

Exciting news – introducing Coral & Canopy

Finally, we have something rather special to share. Alongside the physical upgrade, Umhlanga Cabanas is being reimagined with a fresh new identity: Coral & Canopy.

The new brand will be launched on approximately 15 September 2026, so please watch this space. At that stage the 2027 calendars will also tentatively be released, allowing you to confirm your occupation or bank your week with iExchange. We are genuinely excited about this next chapter, and we think you are going to love it.

In closing

We genuinely appreciate the patience and understanding you have shown throughout this project. It has taken longer than any of us hoped, but the result will be a resort we can all be proud of for many years to come.

Should you have any questions in the meantime, please do not hesitate to contact us.  

Warm regards,

The Umhlanga Cabanas Team

Beekman Lifestyle Portfolio