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City releases Council-owned properties to the market

The City of Cape Town will release a number of Council-owned properties to the market over the next few weeks.

“ This is part of the City’s Integrated Development Plan (IDP) objective and strategy to utilise, where possible, municipal properties to leverage economic growth, sustainable development and job creation”, says Executive Deputy Mayor and Mayoral Committee Member for Finance, Alderman Ian Neilson.

The properties are located throughout the city and include properties zoned for single residential, business and community facilities.

These properties, which are not required for municipal purposes, will be released to the market by way of public tender. Tenders will be advertised in the Municipal Notices column of The Cape Times and Die Burger on Fridays.

The first 20 properties were released in five separate tenders on Friday 15 February 2013, and include a business site in Mitchells Plain and in Claremont, and a number of single residential erven in Southfield and Rylands. A property in Bakkershoogte, Somerset West, will also be amongst the tenders to be advertised.

Further enquiries can be directed to Lindsay Martin in the Property Management Department at Tel: 021 400 3900 or e-mail: Lindsay.martin@capetown.gov.za

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