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

Africrest Properties completes mixed-use development, Stanley Studios in Johannesburg

Jan 21, 2020
39 Stanley Avenue
What could be better than living in an extremely well-priced apartment or working in…

Three stocks to boost your portfolio in 2020

Jan 22, 2020
Dr Adrian Saville CEO Cannon Asset Managers
After enduring a trying decade under the mismanagement and malfeasance of Jacob Zuma,…

New hotspots driving cost hikes in key data centre markets - thriving market in South Africa

Jan 21, 2020
Dan Ayley Turner and Townsend
Major global data centre markets are seeing soaring construction costs as development in…

Equites Property Fund Limited to develop a R1.3 bn warehouse for Pepkor

Jan 21, 2020
Andrea Taverna Turisan  CEO Equites Property Fund
Equites Property Fund Limited (Equites) today announced an agreement with leading…

2020 Commercial Property Themes –Electricity supply and cost will be a key wildcard for the Commercial Property Sector this year

Jan 23, 2020
John LoosFNB
Will electricity supply reliability and cost increases become a key issue again in 2020?

Please publish modules in offcanvas position.