Cape Town sells industrial zoned land by Tender

Posted On Tuesday, 07 May 2013 13:11 Published by Commercial Property News
Rate this item
(0 votes)

The City of Cape Town is placing a number of its properties onto the market to stimulate economic development, deputy mayor Ian Neilson said on Monday.

Ian Neilson"The release of this land is part of this administration's commitment to building an opportunity city in which the economy grows and jobs are created, particularly in areas that were previously deprived of development," he said in a statement.

Six vacant plots with industrial zoning were released in Atlantis after parties looking to establish or expand their businesses expressed interest. Three vacant plots with business development zoning were released in Strandfontein, Mitchells Plain, and Macassar.

Neilson said eight vacant plots for single residential purposes were released in Constantia, Kensington, Lansdowne, Mitchells Plain, Surrey Estate, and Heathfield.

"These areas are specifically targeted in accordance with the City's integrated development plan objective to utilise, where available, under-utilised municipal property to leverage growth and sustainable development in poorer communities."

The official tender documents could be obtained from the civic centre.

Last modified on Saturday, 18 May 2013 22:53

Most Popular

Equites Property Fund’ prime logistics portfolio delivers exceptional returns

May 04, 2022
Andrea Taverna-Turisan
Equites Property Fund Limited today announced growth in its distribution per share of…

When is eviction legal? All you need to know about dealing with problem tenants

May 04, 2022
Evictions
Buying an investment property is great, especially when you’ve chosen a good location.…

Steilloop Shopping Centre makeover exceeds customer needs

Apr 22, 2022
Rural Limpopo's Steilloop Shopping Centre was bought by developer, GMI Property Group…

Deadline looms for energy performance compliance for commercial buildings

Apr 25, 2022
Energy certiticate
By 7 December 2022, commercial properties in specified sectors must have obtained their…

First quarter Rode’s Report raises doubts over the Sectional Titles Schemes Management Act

Apr 25, 2022
Default Image
The latest issue of the Rode’s Report has brought into question the practicality of the…

Please publish modules in offcanvas position.