The City of Cape Town is officially releasing the landmark Good Hope Centre for auction next week.

The upcoming auction includes dozens of other City-owned properties across the metro, which is aimed at unlocking economic, social, and spatial value for the city, ultimately, the City says, for the benefit of residents.

The Mayoral Committee Member for Economic Growth, James Vos, says releasing the iconic Good Hope Centre precinct for redevelopment is a strategic move.

“By releasing this site for revitalisation and redevelopment, we are giving the private sector the opportunity to develop a vibrant mixed-use precinct. Heritage elements, including the dome, are preserved through the conditions of sale, while the surrounding land can be transformed into multiple uses, unlocking significant economic and spatial value for the inner city.”

Together with the Good Hope Centre, approximately 50 other properties will be auctioned off on Thursday, 26 February. This includes:

• Residential sites in Kraaifontein, Westridge, Atlantis, Durbanville, Goodwood, Eerste River, Coniston Park, Bridgetown, Athlone, Maitland and Vredehoek
• Commercial sites on the Foreshore, City Centre, Mitchells Plain, Montague Gardens, Parow, Blue Downs, Century City, Bellville, Belhar and Goodwood; and
• Industrial sites in Atlantis, Epping, Khayelitsha and Kuils River

In total, about 282 000m² of land, deemed by the City as not required for municipal purposes, will be released.

The revenue generated from the sale or lease of these properties will be reinvested directly into service delivery across Cape Town.

City-appointed service provider, Claremart Group, will oversee the auction process. To register for the auction or for more details, visit their website.

Alternatively, email coctproperties@claremart.com or call Rob Stefanutto on 083 556 6861 or 021 425 8822.