[pretoria] - R20bn Joburg inner city mass-development starts in 6 months

  |   Pretorianews

CAPE TOWN – The Joburg Property Company (JPC) on Monday a group of developer and investors, who would realise 24 developments in coming months, to the Joburg inner city.

The R20 billion expected investment value to come from these developments has significantly invigorated the Inner City Rejuvenation Programme, which started in October 2017 with the release of city-owned properties to the private sector.

This is the biggest number of properties awarded simultaneously in the city’s history. This is also the largest number of mixed-use private sector developments focusing on residential and student accommodation being facilitated by the city at once.

The city’s executive mayor Herman Mashaba said in a statement that these developments would include mixed-use affordable housing, student accommodation and affordable space for small, medium and micro-sized enterprises....

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