| New date for Cape Town’s prime property auction | New date for Cape Town’s prime property auction | | <img alt="" src="https://resource.capetown.gov.za/cityassets/PublishingImages/%28Treasury%29%20Policies%20and%20publications%20Header.jpg" style="BORDER:0px solid;" /> | <p>STATEMENT BY THE Mayoral Committee Member for Economic Growth, Alderman James Vos<br></p><p>The City of Cape Town's Economic Growth Directorate would like to inform the public that the major property auction is now set for Thursday, 25 April 2024. The auction date has been changed from 27 March to give interested parties more time to consider these upcoming 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. <br></p> | <p><strong>Foreshore Tower: A skyline marvel with infinite possibilities!</strong></p><p>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. </p><p>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.</p><p><strong>Century City: A 2,5-hectare canvas for your imagination!</strong></p><p>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. </p><p>Whether you're dreaming of call centre offices, company headquarters, or a cutting-edge medical facility, this is your chance to shape the future.</p><p>The development of these properties will certainly have a ripple effect that will boost Cape Town's local economy, creating jobs and contribute significantly to the metro's GDP.</p><p>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. Please note the new date and mark your calendars for 25 April as we unveil opportunities that go beyond bricks and mortar, fostering economic growth, job creation and prosperity.</p><p>These sites form part of the City's property disposal pipeline to unlock private sector-led development opportunities. It will certainly have a ripple effect that will boost Cape Town's local economy, creating jobs and contributing significantly to the metro's GDP. </p><p>The revenue generated from these transactions will be allocated to support service delivery across the metro and fund infrastructure development.</p><p>Visit <a href="https://www.highstreetauctions.com/" target="_blank">HighStreetAuctions.com</a> to register.</p><p><strong> </strong></p><p><strong>End</strong></p><p><strong> </strong></p><p><br></p> | 2024-04-07T22:00:00Z | GP0|#1d539e44-7c8c-4646-887d-386dc1d95d70;L0|#01d539e44-7c8c-4646-887d-386dc1d95d70|City news;GTSet|#62efe227-07aa-45e7-944c-ceebacca891d | | | | | GP0|#0d2f3daa-7c11-4d3b-9c23-727b4bc9b914;L0|#00d2f3daa-7c11-4d3b-9c23-727b4bc9b914|property;GTSet|#2e3de6c1-9951-4747-8f53-470629a399bb | 1 | | | | | | | | | | | 0 |
