This tender seeks bids for the long-term leasing and development of a 5899m² mixed-use property in Durban for a duration of 45 years. Interested parties should demonstrate capability in property development and management.
The Ethekwini Metropolitan Municipality invites bids for the long-term leasing and development of Proposed SA 875, located on Part of the Remainder of Erf 1 Durban, measuring 5899m² as per SJ Plan No. 4753/3. This opportunity is aimed at creating a vibrant mixed-use development that will enhance the local community and economy over a lease period of 45 years. Bidders are expected to present innovative development proposals that align with urban planning regulations and community needs.
Key requirements include a comprehensive development plan that addresses zoning regulations, environmental considerations, and community integration. Bidders must demonstrate experience in similar projects, financial capability, and a commitment to sustainability. The successful bidder will not only gain a long-term asset but also contribute to the socio-economic upliftment of the area, making this an attractive opportunity for established property developers and investors looking to make a lasting impact.
This tender is suitable for property developers, real estate firms, and construction companies with experience in mixed-use projects and a strong understanding of urban development regulations. Businesses focused on sustainable and community-oriented development are particularly encouraged to apply.
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