Real Estate Investor Magazine South Africa July/August 2019 | Page 44

DEVELOPMENTS Secondary cities have an important role to play Bellville untapped potential BY WARREN HEWITT I n his recent State of the Nation Address, President Cyril Ra- maphosa outlined his dream for South Africa. The address included a raft of suggestions designed to uplift urban centres, including the creation of special economic zones, reviving business parks, building digital hubs and forming village enterprises where small and medium businesses can trade their products. The speech also referenced special packages of financial and institutional measures to boost construction, upgrade infrastructure and build student ac- commodation. It presented his vision for “the first entirely new city built in the democratic era rises, with skyscrapers, schools, universities, hospitals and factories…a new smart city founded on the technologies of the Fourth Industrial Revolution…” Warren Hewitt, CEO of the Greater Tygerberg Partnership (GTP) argues that we don’t need to build new cities but to rather build on the strong foundations of our existing cities. Foundations that already have special economic zones in place, where business parks and trading centres are hives of economic activity and urban centres are supported by strong existing infrastructure with fast fibre and with all the facilities for students and residents to thrive. THE ROLE OF THE SECONDARY CITY Cape Town is one of the most visited tourist destinations in South Africa. On its outskirts lies its secondary city, Bellville, a diverse financial, medical and educational urban centre that plays an important role as a highly connected hub at the heart of the metropole. Secondary cities have an important role to play in supporting primary cities. Like most major urban centres, Cape Town is facing pressure from growing urbanisation, characterised by increasing congestion, rising accommodation costs and limited space for inclusive development. As a key node, given the City of Cape Town’s strategy to bring people closer to their workplaces, Bellville has an important role in supporting Cape Town, by 42 JULY/AUGUST 2019 SA Real Estate Investor Magazine shifting towards a mixed-use centre with well-connected, multi-modal transport linkages and well-established service infrastructure. “Bellville already has schools, universities, hospitals and factories and more in terms of services, infrastructure and transport connectivity. These assets are already in place, in a crucial location that can serve not only Cape Town, but the entire Cape Town metropole,” says Hewitt. However, like many urban centres, Bellville has suffered the negative effects of investor capital flight over the last 20 or 30 Bellville is an opportunistic city that is ripe for development,” says Hewitt. “I genuinely believe that there is value to be realised on the streets of the city, not only for property owners already in Bellville, but also developers seeking early opportunities that will deliver value in return. years. The GTP was created to enable Bellville and the Greater Tygerberg region to fulfil its potential. The organisation is a not-for-profit company operating with a mandate, supported by the City of Cape Town to uplift and regenerate the northern suburbs of Cape Town. Its role is to facilitate the transition of the Bellville CBD and the Voortrekker Road Corridor by building a thriving, prosperous and inclusive community within a more compact, more sustainable and more affordable radius. Hewitt explains: “The question that drives us is how