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Johannesburg - Evidence of inner-city renewal in central
Johannesburg, Braamfontein and Newtown has brought new business to the area,
according to a study by property services group Broll.
"Crime levels have decreased in the area, but that
didn't factor into the study because there will always be crime
everywhere," Keke Khojane, the company's area specialist and commercial
broker, said on Monday.
"The CCTV (closed circuit television) cameras
throughout all the major financial hubs might have something to do with
that."
The study, released last week, said transformation had been
fuelled by a number of developments, including increased accessibility to
highways, rail and buses, as well as the establishment of a fashion and garment
manufacturing node.
In October 2004 an 18 square-kilometre area was designated
an urban development zone. Since then the area had contributed R8bn to the
city's CBD.
Projects nearing completion were the development of Ellis
Park, Joubert Park, Gandhi Square, the Braamfontein corporate precinct, the
upgrade of Main Street and the Johannesburg art city project.
Broll Property Group a commercial property services company.
It specialises in converting property data into market knowledge.