by Cape Media Corporation

Video: Rob Kane

Insights into Mother City CBD rejuvination

There are many factors in deciding where to locate a corporate headquarters, or where to shift the focus of a commercial property portfolio. Primarily, though, the decision is driven by confidence in the future
In the story of Cape Town’s Central Business District (CBD), that confidence comes in the form of the R4.6 billion invested in by businesses and developers over the past three years.
It’s a far cry from the late 1990s, when the CBD faced an exodus of business because of soaring crime rates, public spaces riddled with litter and illegally dumped waste, and buildings characterised by neglect. The result was plummeting commercial property values and  consequently a steep drop in the municipal rate base....
About Rob Kane:
Vunani Property Investment Fund (VPIF) & CEO of the Cape Town Central City Improvement District.
Vunani Property Investment Fund (VPIF) is a property investment fund formed to invest directly in income producing properties that offer the additional potential for capital appreciation.
VPIF was formed in 2006 when Vunani (50.2%) and Hyprop (49.8%) pooled two portfolios of commercial properties into a property fund with the intention of growing the fund.
The portfolio comprises 21 A grade properties with 74% of tenants being 'blue chip'. The management team has 50 years experience in the industry and have managed the fund since inception.
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Issue 72