CITY OF CAPE TOWN TO AUCTION GOOD HOPE CENTRE – AND 50 OTHER PROPERTIES

By: Garrin Lambley in Property

The City of Cape Town will auction approximately 50 City-owned properties across the metro on Thursday, 26 February 2026, in a move aimed at unlocking economic, social, and spatial value.

The auction, which will take place both online and in person, includes a range of residential, commercial, and industrial sites – most notably the iconic Good Hope Centre.

Landmark Redevelopment Opportunity
The release of the Good Hope Centre precinct is positioned as a strategic redevelopment opportunity.

According to Mayoral Committee Member for Economic Growth, James Vos, the site offers significant potential for a mixed-use precinct while preserving key heritage elements, including the dome structure.

The property measures 2.4843 hectares and is zoned Mixed Use Subzone 2 (MU2) and Transport 2.

Approved development rights allow for a gross lettable area of 8 038m², while the verified gross building area stands at 27 804m².

Metro-wide Opportunities
The broader portfolio spans multiple high-demand areas, including Atlantis, Durbanville, Foreshore, Century City, Epping, and Khayelitsha, among others.

In total, about 282 000m² of land will be released.

City-wide portfolio: ± 50 properties on auction
A wide range of opportunities across multiple investment categories and strategic growth areas will be available for sale and lease:

Residential Sites
Kraaifontein, Westridge, Atlantis, Durbanville, Goodwood, Eerste River, Coniston Park, Bridgetown, Athlone, Maitland, and Vredehoek

Commercial Sites
Foreshore, City Centre, Mitchells Plain, Montague Gardens, Parow, Blue Downs, Century City, Bellville, Belhar, and Goodwood

Industrial Sites
Atlantis, Epping, Khayelitsha, and Kuils River

The City of Cape Town says all properties have been assessed as surplus to municipal requirements, with proceeds from sales or leases to be reinvested into service delivery.

The auction will be overseen by the appointed service provider, Claremart Grou,p in compliance with governance requirements.

To register for the auction or for more details, visit:
Claremart website
Email coctproperties@claremart.com
Call Rob Stefanutto on 083 556 6861 or 021 425 8822

SOURCED: Garrin Lambley writes in his full capacity as Head of Content at The South African City of Cape Town, Western Cape, South Africa