Upper East Side, a ‘green’ mixed use development in the heart of Cape Town’s Woodstock is officially South Africa’s Best Development (Multiple Units).

That’s according to CNBC Africa Property Awards 2008 who awarded the title to developers Swish Property Group and listed property stocks Madison Property Fund Managers on behalf of the Redefine Income Fund. As with all competitions there are only a few winners and these were revealed at a gala presentation dinner at The Park Lane Hotel in London recently.

Comments Giancarlo Lanfranchi, Swish Property Group CEO, one of Cape Town’s inner city rejuvenation and mixed use development pioneers, “We are incredibly proud of Upper East Side which continues to surprise and impress all who visit it. Not only does it bring our live, work, play philosophy to life, it is considerate to the community in which it is situated by making a major contribution towards inner city rejuvenation. The fact that it’s eco-friendly only adds to its success.”

A CNBC spokesperson said that it’s vital for estate agents, developers and others involved in the property business to be competitive to succeed in such a highly competitive industry. “This desire to be the best has been channelled by a large number of professionals entering the African Property Awards in association with CNBC.”

Supported by a host of well-respected professional bodies such as FIABCI, NAEA and NHBC to name but a few, the awards are judged by an independent team of experts in the property, design and construction fields, together with property writers and sponsors.