Mayor Patricia De Lille announced on Friday that the City of Cape Town will be selling some key properties that are no longer being used by the municipality. These properties include two of particularly high value, one on Lower Long Street in the CBD (Erf 171453) and one on Century Boulevard in Century City (Erf 5161.)
“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. When the power station was levelled, the property was subdivided into eight parcels of land. Six of which were sold by the city to:
- Cullinan hotels
- Holiday Inn
- Investec buildings
- Protea North Wharf
“Site D, which is opposite the CTICC, is approximately 3,500m² in extent with a General Business zoning and maximum permissible floor area of 15,500m², 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 Century City property is a 25,000m² property zoned for General Business.
Other properties on offer include properties zoned for both business and residential purposes across the region, including:
- Simon’s Town
Tenders to purchase these properties will be available on the City of Cape Town’s website.
De Lille says that the City wants to use the sale of these properties to stimulate economic activity, investment and job creation.
The City is also currently drawing up a call for proposals for a long-term lease of bulk rights of the proposed Heerengracht Tower Block development, to be released in May this year. This development forms part of the Cape Town International Convention Centre (CTICC) expansion on the Foreshore and will be located on Heerengracht on the opposite side of the offices of Webber Wentzel. It will cater for a mixed-use development consisting of, among others, hotel, office and residential uses of approximately 45,000m² of bulk space.
By Jenni McCann