Sale of Kraaifontein industrial land set to unlock investment and jobs

A prime 9.23-hectare industrial site in Kraaifontein has been sold for just over R60 million, according to the City, paving the way for private investment and job creation in the northern suburbs.

The City confirmed on Thursday, October 30, that the council has approved the sale of portion 9 of farm 732 in the Wynland Industrial Park to the highest bidder following a public auction. Proceeds from the sale will be reinvested into city-wide service delivery.

With direct access to the N1 and R300, the City said the Wynland Industrial Park site is one of the last major City-owned properties located in a high-demand logistics corridor. 

The land release is expected to support new industrial development, expand logistics capacity, and generate employment opportunities while increasing the municipal rates base.

The transaction marks the final statutory step under the Municipal Finance Management Act (MFMA) and Municipal Asset Transfer Regulations (MATR), allowing conveyancing and registration to move forward.

James Vos, the City's mayoral committee member for economic growth, welcomed the decision, calling it a “model of disciplined, investment-enabling public administration.”

“This is the City doing exactly what we said we would do – unlock idle municipal land so that the private sector can invest, build, and create thousands of jobs. By releasing well-located industrial land transparently and competitively, we drive growth without burdening the ratepayer.”

The property was auctioned on 29 May 2025 through High Street Auctions, ensuring a transparent and competitive process. The Immovable Property Adjudication Committee (IPAC) accepted the market-related winning bid, and the council’s final approval clears the way for transfer and development to begin.