Century City to be showcased at Mipim

Posted On Tuesday, 05 March 2002 03:01 Published by
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CENTURY City, the single biggest private sector property development in South Africa, is to be showcased at Mipim,
CENTURY City, the single biggest private sector property development in South Africa, is to be showcased at Mipim, the world's largest international property exhibition to be held in Cannes, France from March 11 - 15.
Dave Marais, a director of Monex Development Company, which is in the process of changing its name to Century City Development Company to more fully reflect its core area of operations, said this was the first year the multi-billion rand Century City development had participated in the expo which attracts more than 15 000 property investors from around the world.
Century City has attracted more than R2,5billion in investment over the past five years, predominantly from the domestic market. These projects have included Canal Walk shopping centre, Africa's largest shopping centre which is rapidly establishing itself as the premier retail centre in the Western Cape, Ratanga Junction theme park, numerous offices for leading South African and multi-national companies, a growing residential precinct, 4,5km of navigable canals and high standards of infrastructure and services.
Total investment at Century City, which is expected to span a decade or so, is expected to exceed R7billion.
'Century City is unique in that the city has been able to be designed from scratch and the property owners association, to which all landowners belong, can manage the environment of the city into perpetuity. International interest in Century City has been growing in tandem with development on the 250ha site and Mipim provides us with the ideal vehicle to introduce our growing city to a wider international market,' said Marais.
The Century City stand at Mipim will be housed in the South African Pavillion alongside other Cape Town exhibitors including the historic Cape Town CBD, the V&A Waterfront and the Cape Town International Convention Centre.

Publisher: Cape Business News
Source: Cape Business News

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