The Joburg Property Company (JPC) has released over 20 properties and land parcels ranging from 248 to 4 083 square metres on an open tender.
The Joburg Property Company (JPC) has released over 20 properties and land parcels ranging from 248 to 4 083 square metres on an open tender. Tender documents are available at a non-refundable amount of R150.00 for business sites and R100.00 for community facilities.
These include community, residential and business zoned sites located in various Johannesburg areas such as Poortjie, Orange Farm, Eldorado Park, Dobsonville, Malboro Gardens, Mayfair, Norwood and Kew among others.
Tender documents are available at a non-refundable amount of R150.00 for business sites and R100.00 for community facilities.
Brian Mahlangu, spokesperson for JPC says the benefit of an open tender process is that, it allows everyone an opportunity to participate in the economic and social development of the city.
“It also provides an opportunity for Johannesburg citizens to invest in strategic parcels of land to stimulate economic and social development.”
JPC adheres to the Municipal Finance Management Act and the Supply Chain Management Policy for Land when leasing and selling of council owned land and property.
Its objectives are to harness the city’s property portfolio transactions to increase economic growth and Broad-Based Black Economic Empowerment, while creating jobs and economic opportunities for the disadvantaged communities and businesses.
The City of Johannesburg will also be in a position to obtain revenue from those parcels of land released on public tender, he says.
Mahlangu explains that JPC does not use agents or brokers when leasing or selling property as legal requirements demand an open tender system that allows everybody an opportunity to participate in the economic development of the city.
As an agent of the City of Johannesburg Metropolitan Municipality, JPC is contributing to the objectives of the Growth and Development Strategy articulated by the Mayor and by utilising council-owned land assets to leverage private sector investment in public infrastructure, he adds. –Denise Mhlanga
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