Transnet National Ports Authority (TNPA) has announced the opening up of about 100 leasing opportunities for port land and commercial developments at South Africa’s seven commercial seaports.
TNPA said in a statement on Thursday that as part of the “approximately 100 lease opportunities” on offer, seaport facilities would be repurposed for economic activity, while vacant buildings would be made available for office, recreational and industrial purposes, unlocking diverse business opportunities within the port cities.
Of the current approximate gross lettable area of 26 million sqm, the total extent covered by properties that have been issued for new leasing opportunities amounts to 438,719 sqm.
The port authority said the move was part of its real estate growth strategy and plan to broaden value co-creation in the port system.
“While these leasing opportunities allow TNPA to optimise the use of land within the ports fully, they undoubtedly present an untapped opportunity for the business to unlock the future of South Africa’s trade economy while opening up the market for new entrants,” said Dineo Mazibuko, acting TNPA General Manager for Commercial Services.
The leasing opportunities include 26 sites in the Port of Cape Town, 26 in the Port of Durban, two in the Port of East London, four for the Port of Mossel Bay, 11 in the Port of Gqeberha (Port Elizabeth), 24 in the of Port of Richards Bay and six in the Port of Saldanha.
According to TNPA, the primary lease term ranges from one to 15 years, depending on the type of development and alignment to the specific Port Development Framework Plan.
RFP documents were issued on 1 March 2024. Submissions close on 5 April promptly at 12h00. RFP advertisements containing further details on accessing the RFP documents can be accessed on Treasury’s e-tender publication portal
