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IOLProperty - South African Property For Sale
Wednesday May 09, 2012

Going up... Cape Town CBD gets a big boost

Rob Kane, the chairman of the Central City Improvement District board, said new buildings going up and the redevelopment of old ones in the CBD showed confidence in the long-term prospects of Cape Town as a premier business location.

This showed developers were taking a long-term view of the prospects of the CBD.

Record numbers of unoccupied retail and commercial spaces in the CBD has not stopped the construction of new buildings.

The Portside on Buitengracht at 32 storeys will be the tallest in the CBD. It will house FNB offices, with 25 000m2 of space available to the rental market.

It is expected to be completed by 2014.

Law firm Bowman Gilfillan will move into 22 Bree when completed. The 20-storey building will have groundfloor retail space, and parking and offices.

The Mirage, an 18-storey office, retail and apartment block, is being built in De Waterkant, while the No 1 Silo is under construction in the Clocktower Precinct of the V&A Waterfront, forming part of the first phase of the precinct's redevelopment.

It will house Alan Gray's five-star Green Star-rated offices.

Newspaper House, home to the Cape Argus and her sister titles, is being refurbished in St George's Mall and Atlantic Centre on the Foreshore is being built.

Cape Argus

 
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