Cape Town Central City Chosen as Downtown of the Month by international organisation

Posted On Friday, 05 June 2009 02:00 Published by eProp Commercial Property News
Rate this item
(0 votes)

The International Downtown Association’s (IDA’s) – the world leader and champion for vital and liveable city centres -chose The Central City as the Downtown of the Month

Andrew BoraineThe IDA was established in 1954 and has more than 650 member organisations in North America, Europe, Asia and Africa. It is a guiding force in creating healthy and dynamic centres that anchor the interests of towns, cities and regions of the world.

“In many ways, being profiled as the Downtown of the Month is coming full circle,” says Andrew Boraine, Chief Executive of the Cape Town Partnership, the organisation founded in July 1999 to manage, promote and develop the Cape Town City Centre.
“The Partnership and the Central City Improvement District (CCID), together with our public and private sector partners, have achieved much over the past ten years, including urban management partnerships (90% reduction in serious crime, cleanest CBD in South Africa); innovative job creation schemes; investment attraction of between R14-18bn, with a further R20bn in the pipeline; redevelopment of over 170 buildings, many of which are heritage buildings; restoration of property values and municipal revenues; revitalisation of public spaces and pedestrian environments; and, the establishment of innovative cultural and energy efficiency programmes.” Boraine says.

CCID chairman Theodore Yach says: ‘It is wonderful that 10 years of hard work have now been recognised by such an important international organisation. This augurs well for the city centre’s future.”

Additional recognition for the Partnership and the CCID comes with the appointment of Andrew Boraine to the IDA Board from September 2009.

Last modified on Wednesday, 21 May 2014 16:44

Most Popular

Exemplar REITail Acquires Katale Square Shopping Centre

Sep 23, 2019
Real estate investment trust, Exemplar REITail, has acquired Katale Square shopping…

Mall of Africa Celebrates Launch of New Generation Pick n Pay Store

Sep 23, 2019
Today Mall of Africa welcomed one of South Africa's biggest grocery retailers to the…

Grit Real Estate financial results for the year-ended 30 June 2019

Sep 30, 2019
London Stock Exchange listed Grit, the only listed Africa-focused income distribution…

4AX listed Heartwood Properties reveals positive financial results

Sep 23, 2019
Commercial property development company, Heartwood Properties , has revealed a 30%…

Reserve Bank keeps repo rate unchanged

Sep 23, 2019
 South African Reserve Bank Governor Lesetja Kganyago on Thursday said this is in line…

Please publish modules in offcanvas position.