Development of the Kgoro Central precinct, on prime property in Sandton, may finally get liftoff this year after a decade of legal wrangling. The developers, Cedar Park Properties, a broad-based black economic empowerment consortium led by financial advisory firm Regiments Capital, are now close to securing funding and expect to see the soil-turning for the main portion of the development happen within the next six months. Speaking to Business Times this week Litha Nyhonyha, a co-founder of Regiments, said discussions over funding had been narrowed to at least five potential funders, none of which were banks. But he declined to comment on who the potential funders were.Once touted as one of the largest civil construction projects in the area, Kgoro Central - a 200000m² mixed-used development comprising offices, hotels, residential, theatre and gallery space, was expected to lead transformation of the Sandton landscape. The development is envisaged to comprise eight interlinked build...
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