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.<\/p>\n\n\n\n
The 9.23-hectare property, located in Wynland Industrial Park, was sold to the winning bidder following a competitive public auction in May. <\/p>\n\n\n\n
The site represents the last large City-owned tract in a high-demand logistics corridor with direct access to the N1 and R300 highways.<\/p>\n\n\n\n
The sale, which excludes VAT, will see proceeds invested in city-wide service delivery while transferring development responsibility to the private sector. <\/p>\n\n\n\n
“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. <\/p>\n\n\n\n
The transaction, he says aligns with the City’s broader strategy to unlock economic value from municipal land holdings.<\/p>\n\n\n\n
“This is the City doing exactly what we said we would do \u2013 unlock idle municipal land so that the private sector can invest, build and create thousands of jobs.” <\/p>\n\n\n\n
Transparent auction process<\/strong><\/p>\n\n\n\n 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.<\/p>\n\n\n\n Vos says the sale supports several key municipal objectives by enabling large-scale private investment and expanding industrial development and logistics capacity. <\/p>\n\n\n\n “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.”<\/p>\n\n\n\n He praises city officials for their professionalism in completing the transaction, calling it “a model of disciplined, investment-enabling public administration.”<\/p>\n\n\n\n “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.<\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" 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 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