Transnet aims to redevelop properties
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.
This forms part of its corporate strategy to optimise portfolio returns and strengthen its balance sheet.
onstruction of the Carlton Centre precinct began in the early 1960s and was completed in 1973. It comprises an office tower, a retail section, a skyrink and a 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 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.
The requests for information will close on August 31.
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