| The Department of Transport and Public Works, Media 24 and Property Development recently concluded a R1 billion agreement to boost development on the foreshore. The agreement includes the consolidation of ten properties, owned by the three parties and covering an overall site area of approximately 18 000 mē, into a single property. The consolidated land will be subdivided into three equal properties and developed mostly for office space and parking. "We have decided to put the property on tender to create as many job opportunities as possible for the people of the Western Cape," said Mr James Slabbert from Property Management. The signing of the agreement comes after 12 years of negotiation and planning between the property owners and the City of Cape Town. |  From the left: James Slabbert (Property Management), Thami Manyathi (Department of Transport and Public Works), Marius Fransman (MEC, Department of Transport and Public Works), Francois Groepe (Media 24) and Ashoek Adhikari (Media 24) |
Enquiries:
Chris Prins
Manager: Communication
Department of Transport and Public Works
Tel: 021 483 2132
Email: cwprins@pgwc.gov.za
