Cape Town council approved the R61 million sale of prime industrial land in Kraaifontein, marking a significant step towards attracting private investment and creating jobs in the metro.
The 9.23-hectare property, located in Wynland Industrial Park, was sold to the winning bidder following a competitive public auction in May.
The site represents the last large City-owned tract in a high-demand logistics corridor with direct access to the N1 and R300 highways.
The sale, which excludes VAT, will see proceeds invested in city-wide service delivery while transferring development responsibility to the private sector.
“The Wynland Industrial Park site’s strategic positioning made it highly attractive to investors seeking logistics and industrial development opportunities. Its proximity to major transport routes positions it as a key node for business operations requiring efficient distribution networks,” stated Mayco member for economic growth, James Vos.
The transaction, he says aligns with the City’s broader strategy to unlock economic value from municipal land holdings.
“This is the City doing exactly what we said we would do – unlock idle municipal land so that the private sector can invest, build and create thousands of jobs.”
Transparent auction process
According to Vos, the property was sold through a live and online public auction administered by High Street Auctions on 29 May 2025, ensuring transparency and competitive bidding. The City’s Immovable Property Adjudication Committee accepted the market-related winning bid, with Council’s approval completing the statutory requirements under the Municipal Finance Management Act.
Vos says the sale supports several key municipal objectives by enabling large-scale private investment and expanding industrial development and logistics capacity.
“It aims to create sustained employment opportunities while growing the municipal rates base through increased economic activity. Additionally, the transaction reduces holding costs for the City and facilitates private sector-funded infrastructure development.”
He praises city officials for their professionalism in completing the transaction, calling it “a model of disciplined, investment-enabling public administration.”
“With Council approval now secured, the sale agreement can be executed and conveyancing processes can begin, allowing the economic benefits to progress to the delivery stage,” he says.
