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 appointed service provider Claremart Group 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