Soccer City could offer fresh South Africa property investment opportunities

Thursday, February 03, 2011

Soccer City could offer fresh South Africa property investment opportunities

Property investors who purchased homes in South Africa with a view to cashing in on the rental opportunities that the 2010 football World Cup generated, could benefit from additional sporting events in the future, with construction work on the Soccer City Complex now underway.

The 2010 FIFA World Cup Soccer City Complex, which hosted the opening and closing matches of the tournament, is being converted into a fully fledged sports centre. Building work on the first training ground in the complex started last week.

Stadium Management South Africa executive chairperson Jacques Grobbelaar told the press that ground works have progressed well for the first of a series of additional upgrades to the precinct, which will culminate in a "world-class sporting hub" in Soweto.

He said: "We want to bring junior soccer, school soccer and National First Division games here because we we want to make the precinct accessible to the community.

"With the World Cup behind us it is time to begin the next phase of development at Soccer City Complex and we are excited to further enhance the offering at the stadium which will attract additional sporting events from the global sporting arena as well as providing added amenities to resident teams."

Author

A Place In The Sun