COVER STORY
With the aim of contributing to revitalising the Bellville CBD , Brönn Properties , under the experienced guidance of Alewyn and Gerdus Brönn , embarked on an ambitious project to refurbish the New Boston Centre , a property with significant potential located at 85 Voortrekker Street . Bellville Cape Town . The project , which kicked off several years ago , was made possible with financing provided by TUHF and it breathes new life into the area , showcasing the transformative power of strategic investment and communitycentred development . the Boston Centre – a 10-storey building spanning 8,386 sqm – has been transformed from a distressed asset to once again become a beacon of progress and vibrant feature of Bellville ’ s urban landscape .
As the first official tenant , the SPAR , which spans the ground floor , opened four months ago – and according to Brönn is one of the best-looking SPARs in the Western Cape .
When Brönn took over Boston Centre , originally known as the Boston Hotel and Dept of Home affairs , was completely derelict . However , his entrepreneurial spirit , vision for the Centre , and the fact that SPAR was looking to take on a lease agreement , contributed to his decision to partner with TUHF and invest in the property .
The partnership with TUHF has been integral to the success of this project . With funding from TUHF exceeding R76 million ,
19 MARCH 2024 Real Estate Investor Magazine