Financial lead in multi-million plan to revamp Joburg CBD

The Kopanong Precinct Project (KPP) aims to transform the Johannesburg Central Business District (CBD) by upgrading and refurbishing office accommodation for the Gauteng Provincial Government.

The multi-million project will create an administrative focal point for Gauteng, housing the Office of the Premier and other key provincial government departments.

This will promote urban regeneration of the city and improve service delivery through efficient inter-government engagement. Such plans will premised on getting the fundamentals for regeneration in place. These will include security, transport, amenities, aesthetics and a clean city.

The Turner and Townsend-led consortium was appointed as transaction adviser to the Gauteng Department of Infrastructure Development to conduct a feasibility study for the project.

Genesis was the lead financial and economic adviser on the project and undertook the following analysis: assess the economic impact of implementing the project; determine the project’s affordability and bankability; and assess whether undertaking the project through a Public Private Partnership (PPP) delivers Value for Money (VfM).

The Genesis team also provided financial and economic advisory services during the procurement stage of the project, specifically in the evaluation of bids and negotiations with preferred bidders.