Property auction to unlock private sector investment

The 13 City-owned properties in areas like Woodstock, Gardens, Maitland and Vredehoek will go on auction on Thursday 29 May, offering a selection of residential, industrial and commercial sites across the metro.

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Other areas include Constantia, Philippi, Khayelitsha, and Kraaifontein.

The revenue generated from City auctions will be reinvested into municipal infrastructure and service delivery in Cape Town.

The prime site within the Wynland Industrial Park in Kraaifontein is about 9,2 hectares, zoned General Industrial 2.

Strategically located along the N1 corridor, this property is ideally positioned to catalyse economic growth by unlocking private-sector led development opportunities.

The envisioned development is expected to drive job creation and contribute to broader socio-economic upliftment, particularly benefiting surrounding communities such as Wallacedene and Bloekombos, and the broader Cape Town.

The property falls within Eskom's distribution area, with power supply available by application.