The City of Cape Town has officially approved the sale of a prime 9.23-hectare site in Wynland Industrial Park, Kraaifontein, for R61 million (excluding VAT). The land, known as Portion 9 of Farm 732, was purchased through a transparent and competitive public auction and marks a major milestone in the City’s strategy to turn idle municipal assets into engines of economic growth.
The sale, administered by High Street Auctions, drew strong market interest for its strategic location — a high-demand logistics corridor with direct connectivity to the N1 and R300. It is the last large, City-owned industrial site in the area, and its release is expected to catalyse massive private-sector investment, sustained job creation, and long-term enterprise growth.
According to the City, funds from the R61 million sale will be reinvested directly into city-wide service delivery projects, while the site itself will support:
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Large-scale industrial and logistics development
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New employment opportunities and small-business expansion
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A broader municipal rates base
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Reduced landholding and maintenance costs for the City
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Infrastructure delivery funded by private investment
The transaction received final approval under Section 14 of the MFMA and the Municipal Asset Transfer Regulations (MATR), allowing conveyancing and registration to commence immediately.
Alderman James Vos, the City’s Mayoral Committee Member for Economic Growth, welcomed the outcome as a breakthrough moment for Cape Town’s pro-growth agenda.
“This is the City doing exactly what we said we would do — unlock idle municipal land so the private sector can invest, build, and create thousands of jobs,” said Alderman Vos. “By releasing well-located, serviced industrial land transparently and competitively, we are driving growth without burdening the ratepayer. This is how you enable inclusive economic progress: government unlocks, the private sector delivers.”
Vos also praised the City’s Property Development Department for concluding its first major transaction under this framework, calling it “a model of disciplined, investment-enabling public administration.”
The initiative aligns directly with the City’s 2022–2027 Integrated Development Plan, which prioritises increasing jobs and investment in the local economy. It also supports the City’s Ease of Doing Business strategy by maintaining a steady pipeline of investment-ready industrial land.
With the sale now finalised and conveyancing underway, the Kraaifontein project stands as a clear example of how strategic land release and private-sector partnership can translate into real, measurable benefits for Cape Town’s residents — from new jobs and industrial growth to improved municipal services across the metro.
