Business

R1 billion project to turn Cape Town Station into a 20-storey student hub

Cape Town Station is present process a full refurbishment into a mixed-use area primed for student lodging, led by specialist contractor GVK-Siya Zama.

GVK-Siya Zama specialises in constructing, renovating, restoring and recycling buildings, and just lately secured the R1.1 billion Cape Town Station growth contract, together with a R900 million hospital development project within the Eastern Cape.

The Cape Town Station refurbishment was commissioned by Eris Property Group, with the goal to redevelop the practice station into a mixed-use residential and retail area.

“Situated on the corners of Strand, Adderley and Old Marine Drive in the Cape Town CBD, the redevelopment of the Cape Town station is a complex landmark project,” Eben Meyburgh, Group CEO at GVK-Siya Zama mentioned.

The redeveloped property will embody a 20-storey, 3,085-bed purpose-built student lodging facility, 6,700 sq. metres of retail area, and a new world-class public sq., he mentioned.

The project varieties a part of Eris’s RISE Student Living model – a main student lodging supplier in South Africa. The project is anticipated to take round two years to full, with an goal to be prepared for the 2024 student consumption.

Work on the project is already underway:

Planning signifies that the Cape Station project will eat 31,281 cubic metres of concrete, 3,300 tons of rebar, 120,000 sq. metres of formwork, and eight million bricks – whereas 4 tower cranes will likely be wanted to transfer supplies vertically.

“The scale and complexity of these projects has seen the company climb the ranks of the more prominent contractors in South Africa and represent the calibre of project that GVK-Siya Zama intends to pursue,” the group mentioned.

GVK-Siya Zama mentioned it intends to pursue extra initiatives of this sort and has extra within the pipeline.


Read: Cape Town plans main redevelopment – together with extra walkable areas

div id="taboola-below-article-thumbnails">
Back to top button