INGENUITY PROPERTY INVESTMENT AND KASADA UNVEIL TRANSFORMATIVE REDEVELOPMENT IN CAPE TOWN, PROMISING MODERN URBAN EXPERIENCE, ECONOMIC BENEFITS, AND SUSTAINABLE GROWTH.
Ingenuity Property Investments and Kasada Capital Management join forces in a groundbreaking partnership, set to reshape Cape Town’s skyline.
Kasada & Ingenuity Property Investments: Redefining the Iconic City Park Building
The iconic City Park building, Cape Town is about to undergo a remarkable transformation. Surrounded by Bree, Loop, Longmarket, and Church streets, this joint venture between Ingenuity and Kasada aims to redefine the city’s landscape.
THE REDEVELOPMENT PROJECT ENTAILS a dynamic mixed-use scheme. It is featuring a 122-key lifestyle hotel, 40 to 60 branded residences, Prime Grade Offices, retail spaces, restaurants, a co-working facility, and ample parking, ensuring accessibility and catering to diverse city needs.
Unveiling the Future: A Vibrant Urban Experience
This visionary redevelopment project, expected to conclude in Q4 2025. It promises not only a modern living and commerce space but also substantial economic benefits. As a cornerstone for growth and innovation, it aligns seamlessly with the Western Cape’s vision for a thriving and progressive province.
ARNOLD MARESKY, CEO of Ingenuity Property Investments, expresses excitement, stating, “This partnership marks a significant milestone in our commitment to reshaping the inner city and commerce in Cape Town.”
Kasada’s Expertise in Hospitality Redefined
Kasada’s deep expertise in hospitality redevelopment, alongside Ingenuity, promises an exceptional lifestyle property for business and leisure. With 21 hotels across eight jurisdictions, Kasada’s strategic approach, supported by Qatar Investment Authority and Accor, focuses on creating positive sustainable impact and value.
OLIVIER GRANET, Managing Partner and CEO of Kasada, adds, “This partnership signifies a commitment to innovation and progress. It will position this iconic site as a cornerstone of modern living and commerce in the Western Cape.”
Transforming Spaces, Enriching Communities
Ingenuity Property Investments, committed to innovation and excellence, specializes in projects that harmonize modern living, commercial dynamism, and sustainability. Kasada, a leading independent real estate private equity platform, also prioritizes positive sustainable impact and value in Africa’s hospitality sector.
Conclusion: A Future-Forward Partnership
Ingenuity and Kasada’s collaboration not only promises a transformed City Park but also employment opportunities for the Western Cape. As this visionary project unfolds, it becomes a testament to innovation and the potential for a thriving and enriched community.