The City of Cape Town will auction around 50 municipal properties across the metro on Thursday, 26 February. The portfolio includes residential, commercial and industrial sites, as well as the Good Hope Centre.
The Good Hope Centre site will be offered for redevelopment, with heritage elements, including the dome, retained.
“By releasing this site for redevelopment, we are giving the private sector the opportunity to create a mixed-use precinct. Heritage elements are preserved, and the surrounding land can be used for multiple purposes,” said Alderman James Vos, Mayoral Committee Member for Economic Growth.
Vos said the auction will release about 282 000 m² of land across the city, with residential sites in Kraaifontein, Westridge and Athlone; commercial sites in the Foreshore, Mitchells Plain and Bellville; and industrial sites in Atlantis, Epping and Khayelitsha.
“All properties are surplus to municipal needs,” Vos said.
The auction will allow bidders to participate online or in person.
Photo: City of Cape
