Cape Town’s Economic Growth Directorate is set to auction a lease for the development rights of the Foreshore Tower site, adjacent to the Cape Town International Convention Centre, on March 14, 2024. The prime location is expected to stimulate economic growth and job creation. The site’s optimal use is perceived to be mixeduse typologies, with the primary allowable uses including a multistory office, hotel, and recreational facilities, among others. The auction represents an invitation to be a part of Cape Town’s past, present, and future, offering an enticing opportunity for commercial property development.
