February 18 2026 14:15
CAPE TOWN, SOUTH AFRICA
The City of Cape Town has announced the auction of some 50 properties, with the Good Hope Centre set to headline the event on Thursday, February 26 2026.
According to Alderman James Vos, the Mayoral Committee Member for Economic Growth, the “decision to release the Good Hope Centre for redevelopment is a strategic move designed to tap into its substantial economic potential”.
“By releasing this site for revitalisation and redevelopment, we are giving the private sector the opportunity to develop a mixed-use precinct. The surrounding land can be transformed into multiple uses, which will unlock significant economic and spatial value for the inner city,” Vos said.
The properties available for auction encompass a wide spectrum of investment categories, including:
- Residential sites: Located in Kraaifontein, Westridge, Atlantis, Durbanville, Goodwood, Eerste River, Coniston Park, Bridgetown, Athlone, Maitland, and Vredehoek.
- Commercial sites: Situated in the Foreshore, City Centre, Mitchells Plain, Montague Gardens, Parow, Blue Downs, Century City, Bellville, Belhar, and Goodwood.
- Industrial sites: Encompassing Atlantis, Epping, Khayelitsha, and Kuils River.
In total, around 282,000 m² of land will be made available, presenting varied entry points for developers interested in projects ranging from mixed-use precincts to industrial expansion and urban infill housing.
All the properties identified for auction have been meticulously assessed and deemed surplus to municipal requirements. The revenue generated will directly contribute to enhanced service delivery, benefiting Cape Town’s residents.
Overseen by city-appointed service provider Claremart Group, the auction will comply with all legislative and governance requirements, marking another significant step in the city’s strategy to maximise the value of municipal assets as part of a broader initiative that has successfully identified and disposed of properties in recent years.
247@propertyflash.co.za
