A surging industrial property market in Cape Town has prompted Old Mutual Investment Group Property Investments to launch the R123m Racecourse Gardens industrial development in Milnerton adjacent to Trade Centre.
When Nedbank wanted to offload the property assets it inherited from its BoE acquisition in the early 2000s, there were few takers for what was then considered by many to be the ill-fated mega-mall Canal Walk at Century City in Cape Town
Cape Town's Century City is becoming an investment hot spot for buyers interested in the commercial units market. As investors clamour for commercial property greater demand for these properties is generating immense development in this area.
A massive earthmoving exercise, involving the removal of 66 000m3 of soil by 16 trucks has been underway since 2nd April at Mvelaprop / Asrin's R500 million Eden on the Bay mixed-use centre at Big Bay, Blaauwbergstrand.