Investment in property developments continue to rise in Cape Town’s CBD

Investments into commercial property developments and refurbishments continue to rise in the central city of Cape Town.

The latest estimate of the refurbishment value of developments depicted on this map [SEE Image Gallery on your Right] is well over R5 billion.

“The extent and growth of investment in Cape Town’s central city is a testament to business confidence in the CBD as a world class place for people to work, live and play. In addition to the commercial property developments, the CBD currently boasts developments in infrastructure such as the Cape Town Station; the Artscape, the iconic arts and culture building; and of course the government precinct that includes the Civic Centre and the Provincial Government building. The combination of public and private property developments in progress are all indicators of a thriving CBD that is open for business,” says Rob Kane, chairperson of the CCID.