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TNPA to lease land, facilities at seven ports

Port of Durban

Port of Durban

29th March 2024

By: Creamer Media Reporter

     

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South Africa’s State-owned Transnet National Ports Authority (TNPA) has released tenders for nearly 100 leasing opportunities across seven of its sea ports in line with a real estate strategy that aims to unlock the economic value of the land within the ports.

At 26 apiece, the Ports of Cape Town and Durban have the most leases on offer, followed by 24 at the Port of Richards Bay, 11 at the Port of Port Elizabeth, six at the Port of Saldanha, four at the Port of Mossel Bay and two at the Port of East London.

The primary lease term ranges from one to 15 years, and included in the request for proposals (RFP) documents are facilities and land that TNPA says could be repurposed for industrial and recreational purposes, along with vacant office buildings.

The leasing opportunities involve 438 719 m² of the a total gross lettable area of 26-million square metres.

“While these leasing opportunities allow TNPA to fully optimise the use of land within the ports, they undoubtedly present an untapped opportunity for the business to unlock the future of South Africa’s trade economy whilst opening up the market for new entrants,” acting GM for commercial services Dr Dineo Mazibuko said in a statement.

The submission deadline is April 5.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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