Old offices in Cape Town CBD a ‘treasure trove’ for property refurbishers
Boxwood targets investment and development opportunities in the CBD
Property experts say that the Cape Town central business district’s (CBD’s) office offering is getting old and needs to be revamped and expanded as more corporations look to operate in the city. Businesses have recognised that not only retirees are moving to the city and the Western Cape as a whole, and they want to employ professionals who are in search of a different lifestyle and career opportunities. There are also entrepreneurs who have left their careers in cities such as Johannesburg and Pretoria, spent their savings on new business ventures and are looking for modern office space that can accommodate them, according to recent research released by Wesgro, the tourism, trade and investment agency for Cape Town. Rob Kane, who is a former CEO of a listed property-sector company and the chairman of Cape Town’s Central City Improvement District, has just launched Cape-focused Boxwood Property, which will have a Cape bias but may invest in other cities too. Kane says the Cape CBD m...
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