The city of Johannesburg has announced the re-establishment of its Property Release Programme.
The programme was established in 2019 as part of the Department of Economic Development’s investment attraction initiatives, which aims to leverage the city’s property portfolio to help unlock multi-billion-rand investments from the private sector through mega property development projects.
Previous phases of development include the landmark Jewel City Development, which was an extension of the prominent Maboneng Precinct. Jabulani Manor, Alexandra Mall, Melville 27 Boxes, and the Johannesburg Council Chambers are also projects developed through Joburg Property Company. More than 500 properties have been identified across the city for mixed-use, including student accommodation, affordable housing, retail, and precinct development, the CoJ said. “These are properties that have been abandoned, open land parcels and previously hijacked buildings.
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