City hypes land development

Opportunistic: The City hopes that this will provide housing opportunities. picture: Getty Image

The City of Cape Town has welcomed news that the development of a vacant piece of land in Delft, previously owned by the City, is set to kick off soon.

It is estimated that the City’s R20m sale of the 9,7 ha site to Shoprite Checkers (Pty) Ltd , which was finalized some years ago, could lead to a private sector investment of approximately R170m.

This was in line with the City’s efforts to enable inclusive economic growth, employment and social opportunities for its residents through responsible development, the city said yesterday.

The City’s property management department has been facilitating the development of this site over the past few years and has been informed that the construction of the bulk services was due to commence soon.

The tender was approved by the council in 2011 and 17 tenders were received at the time. The property adjoins Delft Main Road, Hindle Way and Voorbrug Street.

“This project is in line with our efforts to drive responsible development that is to the benefit of all the people of Cape Town. In this case, additional conditions of sale were put in place that were to be to the direct benefit of the community, such as the requirement that part of the land will be portioned off and subdivided for a community facility which will be donated to the City.

In addition, there was a condition that the developer would pay R2m towards the development of a facility of our choosing”, the city’s executive deputy mayor Alderman Ian Neilson said.

“We have also been assured that, as far as possible, use will be made of local labour for the different phases of the development.

“Our responsible development drive aims to ensure that private sector role players assist us with the required upgrade of existing public infrastructure or the establishment of new infrastructure for the use of our growing population, without placing additional financial burdens on the City, its ratepayers and residents in general.”

It is also envisaged that approximately 240 housing opportunities would be constructed on a portion of the site by a housing developer.

-TNA Reporter