This tender invites proposals for the long-term leasing and development of a 16,293m² commercial property at Springfield for a duration of 45 years. Interested parties should demonstrate capability in commercial development and leasing.
The Ethekwini Metropolitan Municipality is seeking proposals for the long-term leasing and development of the remainder of Erf 301 Springfield, measuring 16,293m², as indicated on SJ Plan No. 4742/9. This opportunity is aimed at businesses with expertise in commercial property development and management, looking to establish a significant presence in the area. The lease will be for a period of 45 years, providing a stable and long-term investment opportunity for successful bidders.
Proposals should outline the intended commercial use of the property, development plans, and how they align with local economic growth and community needs. The municipality is particularly interested in developments that will enhance local employment opportunities and contribute to the economic vitality of Springfield. Interested businesses must demonstrate their experience in similar projects, financial viability, and capacity to fulfill the lease requirements effectively.
This tender is suitable for real estate developers, property management firms, and businesses specializing in commercial leasing and development. Companies with a proven track record in similar projects and a commitment to community engagement and economic development are encouraged to apply.
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