Upcoming property auction to unlock private sector investment
15 May 2025
The City of Cape Town will host its latest property auction on Thursday, 29 May, offering a selection of 13 residential, industrial and commercial sites across the metro. The revenue generated from City auctions will be reinvested into municipal infrastructure and service delivery in Cape Town.
The 13 City-owned properties that will be auctioned consist of 11 improved properties and two vacant properties.
The areas include Constantia, Philippi, Woodstock, Gardens, Maitland, Khayelitsha, Vredehoek and Kraaifontein. The zonings of the improved properties vary and include residential, utility and general business properties.
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. Electricity capacity has been significantly enhanced by the new 40 MVA Denova 132/11 kV substation (commissioned in 2024) and also supported by a reliable 11 kV network fed from three substations, Scottsdene, Muldersvlei, and Denova, ensuring sufficient supply for heavy industrial use.
There is also a vacant erf in Khayelitsha, which only first-time home buyers with an income bracket of between R13 000 and R22 000 may bid for.
Auction details:
It will be in-person and online.
Date: Thursday, 29 May 2025
Time: 11:00
In Person: DHL Stadium, Green Point, Cape Town
Online: Property, Houses on Auction (highstreetauctions.com)
This auction forms part of our ongoing strategy to release well-located, unused City-owned properties that are not required for municipal purposes. By making these sites available to the open market, we are creating space for the private sector to participate in our city’s growth and development.
I have long held the view that no government should act as a land bank. Properties that serve no strategic or service delivery need must be unlocked to help drive economic activity, generate investment, and support job creation.
This auction represents more than just the sale of land – it is a catalyst for inclusive economic growth. The Wynland Industrial Park development is poised to unlock substantial private-sector investments and create significant employment opportunities. These projected outcomes align with the City’s 2022-2027 Integrated Development Plan and broader economic strategy, both of which prioritise infrastructure-led growth and regional economic development.
The proceeds of the auction will be reinvested into municipal infrastructure and service delivery, ensuring that the release of these sites not only empowers residents and businesses, but also delivers direct benefits to our city.
I encourage all prospective investors, developers, and entrepreneurs to visit www.highstreetauctions.com for more details on the auction.
End
Published by:
Media Office, City of Cape Town
