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He said local and international investors were keen to invest around the civic centre which would eventually house Town House and all council departmental offices. Harare is expanding its CBD to include several suburbs among them Ridgeview, Eastlea, Belvedere, Milton Park, Hillside, Braeside and Arcadia in response to the high demand for office and commercial space.
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Property values in these areas and those on their periphery are expected to appreciate phenomenally in response to the new land use. Businesses have been relocating from the existing CBD because of frustration caused by congestion, limited and expensive parking space. Some have been setting offices in the residential estates because of the privacy that comes from operating in secluded and gated areas.
“The CBD needs to be titivated and expanded in sync with the burgeoning population which is now estimated at three million,” he said.
He said a number of local and international investors were waiting to invest after the forthcoming harmonised elections.
“As far as the proposed developments in and around the Civic Centre are concerned, there is a plethora of local and international investors waiting in the wings.
“All that we need to do is to sort out the political impasse and Zimbabwe’s beleaguered economy will simply take off,” he said.
He said he was “bullish about the future of Harare and Zimbabwe”.
Online Reporter