R1.2bn project to revamp Cape Town’s Golden Acre gathering steam

The R1.2-billlion project to redevelop Cape Town’s well-known Golden Acre is gathering steam, with construction work in full swing to convert the 110-m-high, 24-storey office tower, located in the central business district (CBD), into rental accommodation. The more than 400 new units will include studios, as well as one-bedroom and two-bedroom units.