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March 2014 – High-Density Parking, Clifton 4th Beach, Cape Town:

The City of Cape Town currently owns several parking properties which are underutilized.  We recently presented them with the following proposal:

Private Parking, Clifton 4th Beach:     

  • Parking for ±90 vehicles (an increase from 55) and 250m² automated storage in an area of only ±850m²;
  • Released for development: ±1,700m² of prime land, valued at ±R45 million (2014).

Project Value:  ±R150 million

As at February 2018, the Clifton site and a large tract of adjacent land have been sold to a private developer.

 

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