DEVELOPMENT: Deal On For CTICC Expansion
Recent Western Cape Business News
After 18 months of negotiation, the final land deal for the Cape Town International Convention Centre (CTICC) has been secured.
According to Chief Executive Officer, Rashid Toefy, with the deal concluded last week, subject to due diligence, plans are already underway to proceed with the next phase of the CTICC expansion project. The tender for the architectural and design team has been issued and the development manager is expected to be appointed in the new year.
The expansion has sparked considerable local and international interest and at the first tender briefing for the architectural and design team that was held yesterday, more than 30 local architects were in attendance, showcasing the potential of talent in Cape Town. The shortlisting of the top five candidates is expected to be announced in December. Thereafter another selection round will take place and the appointment of the official architectural and design team will be announced in March 2012.
The expansion will not only allow for the growth of international conferences and exhibitions , but will play a pivotal role in driving skills development and contributing to local job creation in the initial construction phase and the sustained jobs thereafter, as a result of induced tourism. “The core mandate of the CTICC has always been to maximise economic spinoff and job creation and the expansion speaks directly to this imperative” he added.
As a convention centre, whose values are entrenched around economic, social and environmental advancement, sustainability considerations permeate every aspect of the business. It’s what drives CTICC to innovate, create opportunities and effect change in the meetings and events industry in terms of sustainability. “The centre will be aiming for a six star green rating and we plan to set the benchmark in terms of being one of the world’s leading green buildings” says Toefy. With the world’s focus on Cape Town in the lead up to 2014, having been designated as the World Design Capital it is fitting that Cape Town will soon boast an iconic convention centre that uses design to transform, unite and contribute to a vibrant global city.
The expansion plans are proceeding according to schedule and in the next few months the tenders for the quantity surveyors, project managers and sustainability consultants will be issued. “With international conferences having a minimum booking lead time of three years, the sales and marketing drive has kicked off in anticipation of the new expanded convention centre, which is set to open at the end of 2015”concluded Toefy.
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