Excitement builds as Cape Town counts down to prime property auction
27 February 2024
The City of Cape Town's Economic Growth Directorate is gearing up for a major auction on 27 March. The auction will present development opportunities for two stellar locations: the iconic Foreshore Tower in the heart of the Cape Town CBD and a 2,5-hectare plot on Century Boulevard in Century City.
Foreshore Tower: A skyline marvel with infinite possibilities!
Positioned next to the Cape Town International Convention Centre, the Foreshore Tower site promises not just a location but an experience, with breath-taking views of Table Bay Harbour and Table Mountain.
The site has the potential for a bustling hub of commercial opportunities such as multi-level offices and hotels. The City invites visionary developers to join hands in this 99-year lease venture, ensuring not just a return on investment but a legacy for Cape Town.
Century City: A 2,5-hectare canvas for your imagination!
Imagine a plot in Century City, destined for greatness with a zoning that allows for offices, retail spaces and businesses up to four-storeys high.
Whether you're dreaming of call centre offices, company headquarters, or a cutting-edge medical facility, this is your chance to shape the future.
The development of these properties will certainly have a ripple effect that will boost Cape Town's local economy, creating jobs and contributing significantly to the metro's GDP.
The City's Economic Growth Directorate invites you to be part of this landmark auction. Let's turn dreams into reality, transforming these prime properties into beacons of progress for Cape Town. Mark your calendars for 27 March, as we unveil opportunities that go beyond bricks and mortar, fostering economic growth, job creation and prosperity.
Visit HighStreetAuctions.com to register.
The revenue generated from these transactions will be allocated to support service delivery across the metro and fund infrastructure development.
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Published by:
Media Office, City of Cape Town
