PARCELS of City land across the region have been released on open tender, and everyone is able to submit applications for them.
MORE than 20 properties and parcels of land have been released on open tender by the Johannesburg Property Company (JPC).
The JPC owns more than 64 000 properties in JoburgJPC owns more than 64 000 properties in JoburgThe company manages the City’s property portfolio and leases and sells City land towards economic growth. The latest tenders are for properties ranging in size from 248m2 to 4083m2. They include community, residential and business zoned sites. Tender documents are available for sale at a non-refundable amount of R150 for business sites and R100 for community facilities.
The properties and land parcels are located in the various regions of the city, such as Poortjie, Orange Farm, Eldorado Park, Dobsonville, Malboro Gardens, Mayfair, Norwood and Kew, among others.
Brian Mahlangu, the JPC’s public relations and media officer, explains: “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 our citizens to invest in strategic parcels of land to stimulate economic and social development.”
He adds: “The City of Johannesburg will also be in a position to obtain revenue from those parcels of land released on public tender.
The JPC does not use agents or brokers when leasing or selling property as legal requirements demand that it has an open tender system that allows everybody an opportunity to participate, he says.
As an agent of the City, the JPC is mandated to support service delivery goals and strategic priorities, including social and economic development. The JPC also contributes to the objectives of the Joburg 2040 Growth and Development Strategy, articulated by Executive Mayor Parks Tau, and uses council-owned land assets to leverage private sector investment in public infrastructure.
Its other objectives include increasing broad-based black economic empowerment, while creating jobs and economic opportunities for disadvantaged communities and businesses.
Joburg’s property portfolio is valued at some R8,6-billion.The JPC adheres to the Municipal Finance Management Act and the Supply Chain Management Policy for Land when leasing and selling council-owned land and property.
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