The Game Changers Transforming Cape Town Central

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Property investment is one of the biggest game changers transforming the Cape Town Central City, and so far this year seven new developments or redevelopments have been confirmed, at least three of them with a combined value of some R270 million.

The CCID has published the annual investment guide for the past four years, tracking the growth of various business and leisure sectors, as well as the rise of geographical nodes in the Central City. In terms of the former, the legal, creative, financial, healthcare and publishing sectors had already been identified over the years as strong contributors to the CBD’s economy. In terms of the latter, sectors included the night-time and afterhours economies as well as the residential sector.

Commenting on the rise of the Foreshore node since 2012, the report’s editor and co-author, Carola Koblitz, noted that back in 2012, the CCID’s first report recorded an investment value into the area of around R3.2 billion, which at the time included the development of projects such as Portside, Touchstone House, 22 Bree, Atlantic Centre, the Civic Centre update and the CTICC expansion. To continue reading click here…

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