The iconic 30-storey Towers Main building in Johannesburg’s ABSA Precinct now has a new owner and a new lease on life.

Construction of Divercity Urban Property Fund’s iconic Jewel City redevelopment is forging ahead.

Divercity Urban Property Fund has turned the first sod of the Jewel City redevelopment in Joburg CBD.

ABSA Towers Main and Jewel City to be redeveloped and linked to Maboneng.

Phase 2 refurbishments to Jewel City, a high-security district in the eastern part of the Johannesburg CBD and located adjacent to the Maboneng Precinct, were completed this month

A precinct of six city blocks, Jewel City quietly gets on with the business of boosting economic activity in the Johannesburg CBD and Southern Africa as well as bringing tourists to spend welcome foreign currency in Johannesburg

ApexHi Properties has acquired four properties adjacent to the Jewel City precinct in the Johannesburg inner city for R40m.

With acquisition activity having slowed, ApexHi Properties Limited aims to invest R1-billion in refurbishment projects to grow income in its portfolio. Projects worth R570-million are already underway, and refurbishments for a further R357-million are currently in planning phases.