New wave of dreamers aim for Joburg CBD as New York-lite

Business

New wave of dreamers aim for Joburg CBD as New York-lite

Property developer Alfonso Botha is returning to the inner city at ‘the best time for capital appreciation’

Alistair Anderson

Property developer Alfonso Botha is returning to the inner city of Johannesburg as he looks to offer apartments for rent at rates which offer better value than those in newer business nodes such as Sandton, Rosebank and Waterfall.

Botha, who previously headed Urban Ocean, has redeveloped The Franklin, an apartment hotel building which straddles Newtown and the inner city. He says “corporate conversions and refurbishments continue to create and link nodes within the Johannesburg CBD with the aim of creating a functioning, livable city in the mould of New York City”.

What brings you back to property in the inner city?..

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