New CBD threatens office space market
Friday, May 08, 2009
The plan requires all plots in the new Central Business District (CBD) to be developed within two years. "In practice, it cannot possibly work," said Stephen Wyatt, a director of a leading global property consultancy, Knight Frank.
"If everyone started construction as they should, the market will crush," he warned.
The CBD is already sprawling with developments such as the Square Mall, the soon to be completed Square Tower, SADC House and the Industrial Court.
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