A 25,000m² bulk Tower Block development lease opportunity next to Cape Town’s International Convention Centre, which is going under the hammer on 25 April 2024, is at the heart of a booming R40bn oceanside investment corridor being developed in the Mother City.
Source: Supplied.
The scale of investment in this small 5km² strip arguably makes it the most exciting and vibrant development node in South Africa, says High Street Auctions director Greg Dart, and an area that private equity investors can’t ignore.
“Big groups such as Amdec and the V&A Waterfront are dominating the latest development drive in the narrow strip of seafront acreage that is to all intents and purposes the only remaining greenfields land in the immediate vicinity of Cape Town’s CBD.
“These companies have sunk billions of rands into the area, because they recognise its value. If that isn’t a banner headline for developers to fight for the Tower Block development lease – when High Street takes it to…
