Cape Town - The mayor of Cape Town on Friday announced the release onto the market of a number of key properties which were no longer required for municipal purposes.
Among the properties to be disposed of are two high-value sites – Erf 171453, located in Lower Long Street in the Cape Town CBD, and Erf 5161 in Montague Gardens, located on Century Boulevard in Century City.
“Erf 171453 is located in the Cape Town central business area, and is the last of two remaining undeveloped properties within the former Foreshore Power Station site,” Mayor Patricia de Lille said in a statement.
“After the demolition of the power station, the property was subdivided into eight parcels of land.
Six of these properties were previously sold by the City and improved by the Icon, ENS and Investec buildings and the Protea North Wharf, Holiday Inn and Cullinan hotels.
“Site D, which is opposite the CTICC, is approximately 3 500 m² in extent with a General Business zoning and maximum permissible floor area of 15 500 m², providing for a wide range of uses. The property is particularly well located for Prime A Grade offices, with retail at the ground level.”
De Lille said the other remaining Foreshore Power Station site, Erf 165639 was placed on tender by the City a month ago and is still open for interested parties to submit tenders.
The erf in Montague Gardens was a 25 000 m² property zoned General Business.
“Other properties will also be on offer, and will be placed on tender for community, business and residential use in areas such as Atlantis, Langa, Brackenfell, Goodwood, Constantia and Simon’s Town,” De Lille added.
Tenders for the purchase of the above-mentioned properties would be advertised in selected local newspapers on 27 and 28 March 2015.
The tenders would also be available on the City’s website.
“This is in line with our efforts to create an opportunity city as outlined in our Integrated Development Plan (IDP) to leverage the City’s assets and drive economic development with the release of immovable property not required for municipal purposes, in order to stimulate economic activity, economic investment and growth and job creation,” De Lille said.
The City was also currently compiling a call for proposals for a long-term lease of bulk rights of the proposed Heerengracht Tower Block development. This development was being planned as part of the Cape Town International Convention Centre expansion on the Foreshore and will be located on Heerengracht on the opposite side of the offices of Webber Wentzel. It would cater for a mixed-use development consisting of, among others, hotel, office and residential uses of approximately 45 000 m² of bulk space.
It was envisaged that the proposal call would be released in early May of this year.
ANA