Leasing and Development of Medium Value Properties

The Eastern Cape Department of Public Works and Infrastructure seeks qualified bidders for the leasing and development of 35 strategically located medium value properties. These properties, comprising 27 economic units, are intended for various economic opportunities that will stimulate growth and create jobs within the province. Bidders must submit comprehensive project proposals that include a detailed implementation plan, funding models, and compliance with local regulations.

The tender emphasizes the importance of transforming the property sector by enabling previously disadvantaged groups to participate in the leasing process. Bidders are encouraged to demonstrate their capacity to develop the properties effectively, ensuring adherence to timelines and quality standards. The selected bidders will be required to provide a performance security and comply with all legal and regulatory obligations throughout the lease period, which spans 30 years with potential renewal options.