Private-public partnership report says more than R8bn of new investment is expected to be made in the CBD over the next five years CAPE Town’s central business district (CBD) has experienced a boom in property values over the past decade with investors flocking to the area, according to the latest State of Cape Town Central City Report produced by the Cape Town Central City Improvement District (CCID).The report, due for release on Tuesday, states the value of property in the CBD rose from R6bn in 2005 to more than R24bn in a decade.The CCID is a private-public partnership that provides complementary urban management services in parts of Cape Town’s inner city. The report said that more than R8bn of new investment is expected to be made in the CBD over the next five years.The report also provides analysis on the major sectors that are influencing growth in the CBD, from the roll-out of accessible and affordable broadband in a pilot project being led by the City of Cape Town, to the ...

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