Development activity shows confidence in Cape Town CBD

Posted On Monday, 03 September 2012 09:41 Published by
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A view of Cape Town’s CBD skyline will show at least ten towering cranes at work on various new developments. In spite of a sluggish global economy, business confidence is higher than ever with an estimated over R3 billion currently being invested in Cape Town’s CBD through these developments

 

From the Portside building, which will be occupied by two corporate giants, Old Mutual and FirstRand; to Newspaper House; 107 Bree Street, NH Oscar Pearse, the Convention Centre and the Civic Centre, the CBD is abuzz with development and refurbishment.

Chairperson of the Central City Improvement District (CCID), Rob Kane, says since the beginning of this year the city’s CBD has experienced a wave of new developments thanks largely to working closely with other organisations in the city. The Cape Town Central City Improvement District (CCID) was established in 2000 and is managed by the Cape Town Partnership, a collaboration of the public and private sectors, working together to develop and promote Cape Town’s Central City.

The development of the Christiaan Barnard Hospital and complex on the Foreshore is also due to begin later this year.

“It’s clear that developers are making an investment towards being part of a new vibrant commercial hub in this world class city.” says Kane.

 

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