R3bn developments in Cape Town CBD

Business confidence is higher than ever with an estimated over R3 billion currently being invested in Cape Town’s CBD through property developments.

A view of Cape Town’s CBD skyline will show at least ten towering cranes at work on various new 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 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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