Public Works to lease land and properties
The Department of Public Works has issued a call for proposals for the re-development and leasing of certain state-owned properties in the Eastern Cape. These properties include vacant land parcels, commercial and coastal properties that carry a potential for various economic opportunities for property sector practitioners, developers and entrepreneurs.
As part of the commitment made by MEC Babalo Madikizela, in his policy statement for the 2019/20 financial year, transforming the property sector in the province is one of the key priorities of the department.
“It is our intention to provide new entrants to the sector, specifically the previously disadvantaged, women and youth, with access to properties of the state which they may lease for a period of 30 years with the option to extend by a further 20 years. We want to stimulate economic growth through the development and utilisation of state-owned properties which are currently sitting unoccupied and undeveloped,” said MEC Madikizela.
The request for proposals is expected to attract capable and experienced developers within the industry, to lease and develop strategically located vacant and, or dilapidated properties within the province and to assist the department to enhance its revenue generation and better manage its immovable asset portfolio.
“We have taken a deliberate policy decision not to dispose of state-owned land and properties but to pursue the development of these assets through leases. This is intended to guarantee the future ownership of land and properties by the state and to allow the state leverage to re-determine use and ownership based on future demands and priorities” added Madikizela.
In consideration of proposals received, the department will be biased to proposals that display a commitment to a 50% project value spend in the Eastern Cape in support of SMME’s and the provincial economy.
Potential bidders can download the tender free of charge from National Treasury’s eTender Portal:(http://www.etenders.gov.za/content/advertised-tenders) or from the Department of Public Works website (www.ecdpw.gov.za/tenders). Alternatively, those who wish to purchase hard copies from the offices of the Department of Public Works, tender documents can be obtained at a non-refundable price of R100 per document from Qhasana Building, Office number 3-46, Third floor, Bisho from 12:00 as from the 01st of November 2019.