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Old December 23rd, 2008, 08:41 PM   #21
Die Kapenaar
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Cape shines in SA economic forecast

December 22 2008 at 12:11PM

By Gershwin Wanneburg

The Western Cape economy should grow by at least one to two percent in 2009, even if the rest of the country slides into recession, says the Cape Town Regional Chamber of Commerce and Industry.

Albert Schuitmaker, the chamber's executive director, said the province's economy had exceeded national growth by one percent for the past 20 years.

Going by the Treasury's estimate for gross domestic product, the Western Cape economy should grow by up to four percent in 2009 - although some economists have called the Treasury's forecast too optimistic.

Schuitmaker said the region's diverse economy put it in a better position during downward cycles, although there would still be victims of the global recession.

Clothing and textiles, for example, would see no benefit from the Chinese quotas imposed last year.

"The Western Cape economy is again likely to outperform the national economy in 2009," Schuitmaker told the Cape Argus.

Sectors like tourism, construction, wine exports and call centres would be relatively immune; likewise the shi-building and oil rig repair trades in the Western Cape.

Year-on-year tourism arrivals fell by 8,6 percent in August and authorities have warned of a drop in visitors.

But Schuitmaker agrees with Cape Town Routes Unlimited that provincial tourism may still see some growth.

Construction should be supported by infrastructure projects linked to the 2010 World Cup and wine exports by burgeoning demand for cheaper wines abroad.

This article was originally published on page 5 of Cape Argus on December 22, 2008
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Old January 10th, 2009, 12:35 AM   #22
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340 hotel rooms means 2,300 hotel rooms within a few steps of the CTICC, thats excluding breakwater lodge!!
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Old January 10th, 2009, 12:41 AM   #23
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http://www.samapping.co.za/SAMCO%20R...ape%20Town.pdf
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Old January 10th, 2009, 01:08 AM   #24
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Old January 10th, 2009, 01:28 AM   #25
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340 hotel rooms means 2,300 hotel rooms within a few steps of the CTICC, thats excluding breakwater lodge!!
Let's hope the province gets their act together on the CTICC expansion site which includes the old Customs House building that will be imploded to make way for the eco-tech convention halls.

Then I think that the hotel development at Portside can be absorbed by the demand generated from the CTICC.

Look forward to who the hotel operator will be for this tower.
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Old January 10th, 2009, 01:35 AM   #26
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Scraping the sky

23/09/2008 11:21 AM - (SA)

Toyah Lord

DEMOLITION at the Malgas site, which is to become the biggest development in Cape Town since the V&A Waterfront, began yesterday (Monday).

After buying the land from the City of Cape Town for R89 million in May last year, the Old Mutual Property Group plans to build a R1,2 billion development, known as the Portside development.

According to Neil Gardener of Old Mutual, the mixed-use development, which is to be situated along Buitengracht Street between Hans Strijdom Avenue and Mechau Street, will consist of 46 storeys, making it the tallest building in Cape Town.

The current tallest building in Cape Town is the old BP building, now known as the LG building, which stands at 133 m.

The Portside development will top this by 17 metres, and will stand at 150 metres.

It will comprise 27 floors of office space. Six floors will form a hotel, two floors will be retail space, and 11 floors will be allocated for parking to accommodate 1 250 vehicles.

There will be four basement levels and seven above-ground levels for parking.

While a height restriction in the city centre of 60 metres, the city's Spatial Planning, Environment and Land Use Management Committee approved the height waiver at 137,5 metres, plus an extra 10 metres for lift overrun, cooling towers and water tanks, thus allowing the development to go ahead.

"One of the conditions of sale was that Old Mutual should prioritise the building of 564 residential units and a retail and commercial deve?lopment of about 6 000m2 on a ten hectare property in Khayelitsha," says Mansoor Mohamed, executive director for Economic, Social Development and Tourism.

Old Mutual is still to decide on the operator of the hotel and the composition of retail tenants, but says retail tenants will be complimentary to the hotel and surrounding areas, says Gardener.

He adds that it will be an A-Grade office building, which will "compete with other office towers in Cape Town?. Demolition at the site started yesterday and should continue for the next month, after which excavation will take place for four to six months.

"By April 2009, you should see more than just a hole in the ground," says Gardener.

The development is to be completed by June 2011. The site, which housed a service station and the Brian Porter showroom, is described as a prime location for office space.

"We feel there is an extreme necessity to provide office space," says Gardener.

With the 2010 Soccer World Cup approaching, Old Mutual has every faith that this is a good investment and that the interest rate may have stabilised by completion of the development. "Property is a long-term investment, so we are taking a guess, but there is every indication that 2010 will have a positive impact."

The city recently undertook a Sea-Level-Rise Risk Assessment study, and while rising sea levels along the Cape's shores are certainly a concern, both Old Mutual and the city are not concerned that they will have any effect on the stability of Portside, given the enormous size of the development.

"While the impact of climate change on rising sea levels should not be underestimated, it is important to note that a lot has to be learnt about compensating factors, such as the widening of the sea bed," Mohamed states.

"It is a long way from the shore line, and rising sea levels tends to be a bit of an exaggeration," says Gardener.

Businesses that surround the development include the Farber's building, Investec, Madison Property and the Southern Sun Holiday Inn. A business opposite Portside declined to comment on the development.

According to Simon Grindrod, Mayoral Committee Member for Economic, Social Development and Tourism, full public participation took place before the project was approved.
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Old January 10th, 2009, 01:36 AM   #27
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City CBD is on the up and up in 2009



By Fouzia van der Fort

Cape Town in 2009 will be a better place as developments in transport, public facilities and services are completed, say stakeholders.

The City of Cape Town, the Cape Town Partnership, provincial government and private sector are set to oversee the completion of the construction of bridges, new buildings, public spaces and transport systems leading up to the 2010 World Cup and beyond.

Cape Town Partnership chief executive Andrew Borraine said Cape Town Station's R400 million upgrade should be completed this year.

The aesthetics of its forecourt, entrances and exits would be improved. This would be followed by the reconstruction of the long-distance bus terminal to be set between the station and the city centre.

Elsewhere, ground will be broken for Cape Town's tallest building, on the corner of Hans Strijdom Avenue and Buitengracht Street to house offices, a hotel and shops.

The city last year unveiled a pedestrian- and cycle-friendly plan to link Cape Town station and CBD with the Green Point Stadium before the World Cup.

The R35 million project, due for completion in December, will include two pedestrian bridges across Buitengracht Street - one at Coen Steytler Avenue and the other at Waterkant Street. Two shared pedestrian, cycle and vehicle routes have been identified - one via Waterkant Street and the other via the Waterfront.

The city has also spent R1.3billion for the first phase of its Integrated Rapid Transit project which includes improved public transport routes on roads, specialised vehicles, contracts with taxi operators, bus shelters, an operating agency to manage transit links and smart cards.

All of this should be finalised early next year.

Mayoral spokesman Robert Macdonald said the system would reduce congestion and encourage people to use public transport.

Road transport would be linked to the railways, with the South African Rail Commuter Corporation contributing R1.5bn towards the costs of this project.

Macdonald said international experts had been assisting the city with this initiative, which included a plan to link public transport routes within the city centre, to and from the airport, the northern suburbs and the West Coast roads.

Hospital Bend, which has been closed from the Observatory exit due to roadworks, is to be opened early this year while the completion of the Koeberg Interchange, managed by the province, is also on the horizon.

The City Hall is undergoing a R40m upgrade which includes restoration of the organ and tenders to be awarded to a non-profit organisation to manage it as a cultural centre.

The city hopes to increase basic service delivery in 200 listed informal settlements before next year.

"The majority of these settlements do not have taps, flush toilets and electricity, which the city has started providing," said Macdonald.

The Central City Improvement District (CCID) will be increasing recycling projects by improving partnerships with property developers and recycling entities to make the CBD greener.

Tasso Evangelinos, the district's chief operations officer, said that they would host an anti-litter campaign.

Published on the web by Cape Argus on January 5, 2009.
The tower development will go ahead.
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Old January 10th, 2009, 02:02 AM   #28
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Quote:
Originally Posted by Die Kapenaar View Post
Let's hope the province gets their act together on the CTICC expansion site which includes the old Customs House building that will be imploded to make way for the eco-tech convention halls.

Then I think that the hotel development at Portside can be absorbed by the demand generated from the CTICC.

Look forward to who the hotel operator will be for this tower.
also excluding the mystery hotel development at the roggebaai canal precinct.
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Old January 10th, 2009, 04:14 PM   #29
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the building is beautiful! a true green architecture
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http://www.skyscrapercity.com/showth...=780820&page=2
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Old January 13th, 2009, 04:47 PM   #30
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Old January 13th, 2009, 10:19 PM   #31
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Nice development. I like the lowrise part and the courtyard the most. Glass look good too.
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Old February 4th, 2009, 10:36 AM   #32
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The proposed building next to this one changed from the lehman brothers building to the WTC . Obvious reasons
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Wow, so you really are fruity. Damn, I thought they were joking.
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Old April 13th, 2009, 03:31 AM   #33
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really great!
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Old April 17th, 2009, 05:44 PM   #34
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Cape Town’s first post-apartheid skyscraper commences construction

The Portside project, Cape Town’s first post-apartheid skyscraper, designed by Louis Karol, has commenced construction following planning approval.

Designed for Old Mutual Investment Group Property Investments (OMIGPI), and located on the old Malgas/Porters/Shell site, opposite the V&A Waterfront entrance, the tower will rise to approximately 148 metres in height.

Commanding views on to Table Mountain and Table Bay, Portside will have 24 office floors above a 5-storey hotel and retail component, with parking on five basement levels and eight above ground.

The last tall building to be built in Cape Town’s city centre was OMIGPI’s Safmarine House in 1993 – rising to 123 metres and designed also by Louis Karol. Cape Town’s 15 year skyscraper hiatus can be ascribed to a number of factors, including low economic confidence, 9/11 and conservative planning policy.

Robert Silke of Louis Karol, said: “We were in negotiations with the City of Cape Town for 18 months and have been grateful for the high levels of co-operation and participation by the city officials in fine tuning the scheme, and who ultimately made positive recommendations to the city councillors.

“Until Portside was given consent, it was felt in many quarters that tall buildings were impossible to achieve under the present planning system but events have proven that appropriate, well-designed tall buildings still have a place in our city,” added Silke.

OMIGPI’s executive for Property Development, Brent Wiltshire says the Portside development aims to achieve a four-star rating according to the Green Building Council of South Africa’s Green Star rating system.

“Tall buildings play an important role in green architecture and their role is three-fold – to promote sustainability, reduce energy use and develop innovative technologies,” says Wiltshire.

As part of the focus on safety, lifts can be stopped every third floor to access an emergency exit from within the lift – that is without exiting through the lift doors. Lift studies are being conducted to determine a benchmark for lift waiting times.

Completion of this development is scheduled for April 2011.
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Old April 17th, 2009, 09:25 PM   #35
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Quote:
Originally Posted by Mo Rush View Post







Cape Town’s first post-apartheid skyscraper commences construction

The Portside project, Cape Town’s first post-apartheid skyscraper, designed by Louis Karol, has commenced construction following planning approval.

Designed for Old Mutual Investment Group Property Investments (OMIGPI), and located on the old Malgas/Porters/Shell site, opposite the V&A Waterfront entrance, the tower will rise to approximately 148 metres in height.

Commanding views on to Table Mountain and Table Bay, Portside will have 24 office floors above a 5-storey hotel and retail component, with parking on five basement levels and eight above ground.

The last tall building to be built in Cape Town’s city centre was OMIGPI’s Safmarine House in 1993 – rising to 123 metres and designed also by Louis Karol. Cape Town’s 15 year skyscraper hiatus can be ascribed to a number of factors, including low economic confidence, 9/11 and conservative planning policy.

Robert Silke of Louis Karol, said: “We were in negotiations with the City of Cape Town for 18 months and have been grateful for the high levels of co-operation and participation by the city officials in fine tuning the scheme, and who ultimately made positive recommendations to the city councillors.

“Until Portside was given consent, it was felt in many quarters that tall buildings were impossible to achieve under the present planning system but events have proven that appropriate, well-designed tall buildings still have a place in our city,” added Silke.

OMIGPI’s executive for Property Development, Brent Wiltshire says the Portside development aims to achieve a four-star rating according to the Green Building Council of South Africa’s Green Star rating system.

“Tall buildings play an important role in green architecture and their role is three-fold – to promote sustainability, reduce energy use and develop innovative technologies,” says Wiltshire.

As part of the focus on safety, lifts can be stopped every third floor to access an emergency exit from within the lift – that is without exiting through the lift doors. Lift studies are being conducted to determine a benchmark for lift waiting times.

Completion of this development is scheduled for April 2011.
reminds me of the pentominium.I luv it
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Old October 6th, 2009, 03:14 PM   #36
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This is supposed to be a 'Green' building.. I hope noone has the intention of using 'Engineered or Caeser stone' anywhere on it..
Does anyone know who has been appointed as stone supplier ??
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Old February 25th, 2011, 01:44 PM   #37
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Tall and beautiful i love it!!
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Old February 25th, 2011, 02:36 PM   #38
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Is this building really U/C?,it's been two years and not a single picture.
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Old February 25th, 2011, 02:42 PM   #39
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Nah, it's been delayed but is still going to go ahead.
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Old April 18th, 2011, 02:32 PM   #40
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[QUOTE=Dayton Cape Town;76258023]
Quote:
Originally Posted by Die Kapenaar View Post



"By April 2009, you should see more than just a hole in the ground," says Gardener.

When is this even going to start? April 2011 and there is exactly that - 'just a hole in the ground'...
There isn't a hole in the ground yet

It's due to start later this year. It was held up because of the recession.
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