The City of Tshwane invites bids for the long-term lease and development of Erf 2623 in Soshanguve M Extension 1. This opportunity is aimed at fostering community-serving facilities and economic growth in a high-demand urban area.
The City of Tshwane is seeking qualified bidders for the long-term lease and development of the Proposed Remainder of Erf 2623, located in Soshanguve M Extension 1. This strategic property, measuring approximately 50,030 m², is zoned for institutional use and is adjacent to the Soshanguve Crossing Mall, a key retail and transport hub. The municipality aims to leverage this prime location to catalyze private investment in essential community services, including educational, healthcare, and SMME incubation facilities, thereby enhancing local economic activity and social cohesion.
Bidders are required to submit comprehensive development proposals that align with the City’s strategic priorities, including social infrastructure development, township economy revitalization, and spatial integration. The successful bidder will be expected to adhere to a 50-year lease agreement, with a minimum upset rental of R91,795.00 per month, escalating at 7% per annum. Proposals should demonstrate financial capacity, experience in similar projects, and a commitment to sustainable development practices, including compliance with the City’s Climate Action Plan.
This tender is suitable for property developers, construction firms, educational institutions, healthcare providers, and businesses focused on community services and economic development.