AFFORDABLE ACCOMMODATION AN INVESTMENT CASE FOR THE TYGERBERG AREA Cape Town City Centre The Greater Tygerberg Area Bellville MESSAGE FROM THE GTP CEO South African cities are grappling with the The Western Cape Government and the double dilemma of trying to redress their City of Cape Town have created a matrix segregated past while also planning for a of policies, frameworks and development more urbanised future. Cape Town is no incentives designed to address spatial different. inequality and facilitate the construction of affordable accommodation. These If a society is to thrive, its people need to mechanisms need to be married with sound be empowered to find work. They need investments from committed developers, to be able to access safe, reliable public investors and institutions who have the transport. And they need to live in decent visionary will to create safe and sustainable, accommodation that they can afford. For accessible and affordable neighbourhoods years, the city’s spatial segregation, a legacy in our city centres, close to transport, work of apartheid planning, has excluded the opportunities and social amenity. majority of the population from accessing convenient work opportunities and We have created this guide as a tool affordable accommodation. for developers seeking to maximise the opportunity for building affordable housing Affordable and inclusionary housing, in Bellville and the Greater Tygerberg area. developed around transit hubs in active The details contained in here should be economic centres, is the key. used to inform development decisions that will build on the existing potential of our We have a vision for an economically vibrant, city, and drive the growth of a prosperous, connected community that lives, works and economically active urban centre. plays in a quality, safe and accessible 24-hour urban environment. Sustainable, intelligent We look forward to building future Bellville densification targeted at creating affordable, with you. decent accommodation is one of the most important elements that will support the - Warren Hewitt society we envisage.
1 CONTENT
MESSAGE FROM THE GTP CEO...... 1 MAJOR INVESTMENTS...... 26
CONTENT Ideal location Employment...... 29 OVERVIEW Schools...... 29
Investment at a glance...... 3 Amenities and Services The Urban African opportunity...... 4 Public spaces...... 30 The South African urban challenge...... 4 Health...... 32 Libraries...... 32 WHY AFFORDABLE ACCOMMODATION ? Retail and shopping...... 32
Why invest in affordable accommodation in the Greater FINANCE AND FUNDING OPPORTUNITIES...... 33 Tygerberg Area?...... 6 What is affordable accommodation?...... 7 HOW TO INVEST...... 36 Why invest in affordable accommodation?...... 8 KEY CONTACTS...... 37 WHY THE GREATER TYGERBERG AREA?
Residential investment and development trends...... 9
Development Readiness Availability of land ready for development...... 11 Zoning...... 14 Development incentives...... 14 Planning priority...... 19
Infrastructure Transport...... 20 Bulk infrastructure...... 25
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OVERVIEW
Invest in affordable accommodation in the Greater Tygerberg Area
s one of Cape Town and South Africa’s priority areas for investment and development, the A Greater Tygerberg Area provides an outstanding mix of opportunities for new investment in affordable accommodation. With its enviable location close to a high concentration of jobs, schools and amenities, several sites from Goodwood to Bellville are ready to be unlocked to house integrated future communities.
INVESTMENT AT A GLANCE