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Prime property on offer this week<p>​</p><div>Interested bidders are encouraged to register and bid online, this is a unique opportunity that makes access to auctions simple and safe.</div><div> </div><div>All of the properties up for auction have been thoroughly assessed and are not required for municipal purposes. In total, more than 100 000m² will be up for auction. The best economic and social value will be derived from the release of these properties for a range of uses, from industrial to community and private-sector led residential development, depending on the zoning. In this way, the City is supporting our economic recovery as smart real estate transactions create jobs through construction and generate revenue for municipal service delivery.</div><div> </div><div>The auction is a competitive way of disposing of land without fear nor favour, ensuring the best use while being caring, consistent and confident of our processes.</div><div> </div><div>The release of land and opportunities to lease to the market underpins so many elements of our economic growth. The volumes and value of property disposals and leases handled by the Property Management department speak to our smart real estate approach to get the best economic and social value of our assets. This is an important milestone as we move towards the end of a lengthy administrative process, taking our assets to the market.</div><div><br></div><div>All of the intended auction sites have been carefully screened in terms of zoning and best use and are now ready for private sector uptake.<br></div><p><br></p><p>For further details on the properties, go to <a href=""></a>.  </p><p><strong> </strong></p><p><strong>End</strong></p><p><br></p>2023-11-19T22:00:00ZGP0|#1d539e44-7c8c-4646-887d-386dc1d95d70;L0|#01d539e44-7c8c-4646-887d-386dc1d95d70|City news;GTSet|#62efe227-07aa-45e7-944c-ceebacca891dGP0|#dadf77c6-e215-4213-9490-3f946f81b953;L0|#0dadf77c6-e215-4213-9490-3f946f81b953|property management;GTSet|#2e3de6c1-9951-4747-8f53-470629a399bb;GP0|#ea24b3de-87c1-48e6-b87a-cc097e8d3cea;L0|#0ea24b3de-87c1-48e6-b87a-cc097e8d3cea|Housing and property10


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