The Carlton Centre
Photo by: Creamer Media
State-owned Transnet’s Property division has issued two requests for information to assess the availability of potential property developers, investors, funders and financiers to jointly redevelop the Carlton Centre and 1 Adderley street properties, in Johannesburg and Cape Town.
The forms part of its corporate strategy to optimise portfolio returns and strengthen its balance sheet.
The construction of the Carlton Centre precinct began in the early 1960s and was completed in 1973. It comprises an office tower, retail section, skyrink and hotel, but only the retail section is fully functional.
The Carlton Towers has 68 000 m² of office space and the Carlton Shopping Centre is a busy shopping mall with 53 000 m² of retail space. The 43 500 m² Carlton Hotel has 663 rooms, but is currently mothballed.
The Carlton Court, the annex building, has 63 rooms. It is the smaller hotel annex across Kruis street from the hotel, connected by a pedestrian bridge into the old hotel lobby.
Meanwhile, 1 Adderley street is a landmark building at the bottom of Adderley street overlooking Heerengracht street, within the central business district of Cape Town, and is a key asset for Transnet in the City of Cape Town.
The building is currently partially occupied, at 43%, by a handful of tenants, notably Transnet, the Passenger Rail Agency of South Africa Cape Town, Metrorail and Rovos Rail Tours.
The external parking area and Old Marine drive are also being let and managed by a third party.
The bid documents can be accessed through the National Treasury’s e-tender portal (www.etender.gov.za) and Transnet/s website.
The requests for information will close on August 31.