Sale of prime Kraaifontein industrial land paves way for major private investment and job creation
Today Council approved the sale of Portion 9 of Farm 732 (±9,23 ha) in Wynland Industrial Park, Kraaifontein, for R61 million (excluding VAT) to the winning bidder following a competitive public auction. The funds generated from this sale will be invested in city-wide service delivery.
The Wynland Industrial Park site is the last large City-owned strategic tract in a high-demand logistics corridor with direct connectivity to the N1 and R300. Its release supports:
- Private investment at scale
- Industrial development and logistics capacity
- Sustained job creation and enterprise growth
- Expanding the municipal rates base
- Reducing municipal holding risks
- Infrastructure delivery funded by the private sector
This Council decision is the last statutory step under Section 14 of the MFMA and the Municipal Asset Transfer Regulations (MATR), enabling the sale agreement to be executed and conveyancing for registration to start.
The City’s Mayoral Committee Member for Economic Growth, Alderman James Vos, welcomed the outcome of this transaction, noting that it aligns with his broader mission to unlock economic value from the City’s land portfolio and ensure sites are investment-ready to drive growth and create jobs. Alderman Vos also acknowledged the officials involved for their professionalism and commitment in bringing this important project to fruition.
‘This is the City doing exactly what we said we would do – unlock idle municipal land so that the private sector can invest, build and create thousands of jobs. By releasing well-located serviced industrial land to the market transparently and competitively, the City drives growth without burdening the ratepayer. This is how you enable economic growth: government unlocks, the private sector delivers. I want to congratulate the Property Development Department on concluding its first transaction – this is a model of disciplined, investment-enabling public administration. The funds generated from the sale of this property will be used for city-wide service delivery,’ said Alderman Vos.
This outcome is fully aligned with the City’s 2022–2027 Integrated Development Plan objective to ‘increase jobs and investment in the Cape Town economy’ and the Ease of Doing Business mandate to maintain a pipeline of strategic industrial land.
The property was sold via a live and online public auction on 29 May 2025, administered by High Street Auctions, ensuring a transparent and competitive disposition. The City’s Immovable Property Adjudication Committee (IPAC) accepted the market-related winning bid. Council’s final approval regularises the transaction and authorises transfer so that economic benefits can now progress to delivery stage.
