'This is just the start of the change we are bringing to the city,' says the mayor.
‘This is just the start of the change we are bringing to the city,’ says the mayor.
“Through the release of city properties to the private sector for redevelopment, the city expects to realise R20 billion in expected investment value, which will soon be visible in the inner-city with 24 developments set to start within six months,” Mashaba said in a statement.He said the investment constituted the largest number of mixed-use private sector developments focusing on residential and student accommodation being facilitated by the city at once.
“This is just the start of the change we are bringing to the city, with more even more buildings and developments set to take place in the future,” he said. In total, this first group of developments is expected to yield 10,096 jobs opportunities within the city and approximately 6,500 housing units costing between R900 and R4,500 per month for each unit, excluding utilities.
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