City opens doors to investors with major property leases
From the Pretoria Showgrounds to Rosslyn’s industrial zones, the metro is giving investors a chance to help transform underused land into engines of growth and jobs.
The metro has put several large property assets on the market for long-term leasing, calling on investors to partner with the city.
These assets include Pretoria Showgrounds, properties at Rosslyn Industrial, HM Pitje, and ODI Stadium Precinct.
According to MMC for Economic Development and Spatial Planning Sarah Mabotsa, the move marks a major step in implementing Tshwane’s Economic Revitalisation Strategy, which seeks to unlock the city’s economic potential, attract investment, and create sustainable jobs.
“The City of Tshwane’s release of strategic properties for investment will unlock significant opportunities for residents by driving economic growth, attracting new business activity, and creating thousands of jobs across the capital city,” said Mabotsa.
She said that through the strategy, these developments will stimulate the construction and service sectors, empower small enterprises, and expand local infrastructure.
“By leveraging underutilised city-owned assets, we aim to turn idle land into engines of inclusive development that improve livelihoods, support skills development, and help reduce unemployment, ensuring that investment directly benefits the people of Tshwane,” she added.
Tenders from prospective bidders have been invited for the following properties:
– Pretoria Showgrounds,
– Sunnyside Mandela Corridor,
– Erf 43 Verwoerdburgstad (at the intersection of Hendrik Verwoerd Drive and the M18),
– several industrial properties in Rosslyn,
– M Pitje Stadium Precinct,
– ODI Stadium Precinct in Mabopane, and
– Erf 1932 Zwartkop (between the N14 highway and Hendrik Verwoerd Drive).
In September of this year, the city hosted its inaugural Tshwane Investment Summit, where the private sector expressed strong confidence in the city’s Economic Revitalisation Strategy.
At the summit, investors pledged R86-billion towards supporting growth and job creation in the capital city.
Mabotsa emphasised that the metro does not intend to sell any of its assets but rather aims to partner with the private sector to unlock its full potential for the benefit of residents.
“The release of these assets brings the multiparty coalition government one step closer to achieving our ambitious goals of growing Tshwane’s economy to 3.9%, attracting between R17-billion and R26-billion in new investment, and creating at least 80 000 new jobs by 2029,” said Mabotsa.
She added that one of the 10 priority economic sectors identified in the economic revitalisation strategy is construction, due to its high employment potential.
“The release of vacant or underutilised properties for redevelopment directly supports and strengthens the construction sector in Tshwane,” Mabotsa said.
“We welcome the growing investor confidence in our city and look forward to seeing these developments revitalise local economies and communities.”
Information for prospective bidders is available on the metro’s website at www.tshwane.gov.za.
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