Genesis has been appointed the lead financial and economic adviser on a multi-billion urban regeneration project that aims to transform the Johannesburg Central Business District (CBD).
The Kopanong Precinct Project (KPP) is an urban regeneration project to upgrade and refurbish office accommodation for the Gauteng Provincial Government across 19 buildings and 2 vacant sites as part of a city-wide improvement plan. The project will create an administrative focal point for Gauteng, housing the Office of the Premier and other key provincial government departments.
The project will also promote improved service delivery through efficient inter-government engagement. It plans to get the fundamentals for regeneration in place - security, transport, amenities, aesthetics, and a clean city.
The Turner & Townsend-led Consortium was appointed as transaction advisers to the Gauteng Department of Infrastructure Development (GDID) and will conduct the feasibility study for the project.
Genesis is the lead financial and economic adviser on the project and will assess the economic impact of implementing the project, its affordability and bankability, and assess whether undertaking the project through a public private partnership (PPP) would deliver value for money to the client.
The Genesis team will also provide financial and economic advisory services during the procurement stage of the project, specifically in the evaluation of bids and negotiations with preferred bidders.