Transnet National Ports Authority (TNPA) has opened approximately 100 leasing opportunities for port land and commercial developments across its seven ports as part of its real estate growth strategy.
Witnin the lease opportunities on offer, its facilities will be repurposed for economic activity, while vacant buildings will be available for office, recreational, and industrial purposes to open business opportunities within the port cities.
Out of the current approximate total gross lettable area (GLA) of 26 million square metres, the total extent covered by properties, which have been issued for leasing opportunities, amounts to 438 719m2.
“While these leasing opportunities allow TNPA to fully optimise the use of land within the ports, they undoubtedly present an untapped opportunity for the business to unlock the future of South Africa’s trade economy whilst opening up the market for new entrants,” sats Dr Dineo Mazibuko, acting TNPA General Manager for Commercial Services.
26 of the leasing opportunities are for the Port of Cape Town, 26 for the Port of Durban, two for the Port of East London, four for the Port of Mossel Bay, 11 for the Port of Elizabeth, 24 for the Port of Richards Bay, and six for the Port of Saldanha with the primary lease term ranging between a period of one to fifteen years, depending on the type of development and alignment to the specific Port Development Framework Plan.
The RFP documents were issued on the 1st of March 2024 with submissions closing on the 5th of April 2024 at 12:00pm.
