Selling Harare Gardens is in the best interest of the city says Mayor

6 years agoThu, 21 Sep 2017 10:49:08 GMT
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Selling Harare Gardens is in the best interest of the city says Mayor

This matter is back in.the news!

It was debated violently in the Chamber LAST YEAR when we sold the land.

Because of the HEAT of the matter I opted to abstain from voting essentially in order to manage the possible fallout with a degree of neutrality as leader of council.

I respect the outcome which was almost 50:50 and across political lines too.

I am very much at peace with this transaction.

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It is a great COMPROMISE between preservation and development both of which we desire as a City with a past and a future.

I am comforted by the fact that the PARTIAL SALE represents less than 13% of the Gardens ie 2.2 ha out of 17 ha.

A lot of people are mischievous in calling it the the SALE OF THE HARARE GARDENS which whips up emotions because it then implies a TOTAL sale of the Gardens.

Chra Harare will recall my offer to do an on-the-ground demonstration of the actual space involved in the area.

The re-development will have economic dividends in terms of forecast earnings, enhanced conference capacities, job creation.

The pricing was at a premium – over $80sq/m more than double other high end pieces of land sold by council.

Increased rates from a quality landlord who is expanding their operations.

A separate site will not have the same effect of a strategic integration of their business – the hotel rooms are already next door.

Revival of interest in the CBD for social activities and construction. We have all observed the “suburban drift” of offices and construction leaving premium buildings with voids in occupancy or low-quality tenants

The last high-rise building crane in Harare CBD went up TWENTY YEARS AGO!

Building frenzies are contagious and infectious – if we were to get another couple of developments we are igniting a construction boom in the CBD

On this particular one, good people – rest assured – we have your COMBINED interests well served.



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