
EKURHULENI PUTS MUNICIPAL PROPERTIES TO GOOD USE THROUGH LEASING
The City of Ekurhuleni has concluded two property lease agreements with a telecommunication company, GDF Holdings (Pty) LTD. This was announced by the MMC for Infrastructure and Real Estate, Cllr. Kgopelo Hollo at the Lease Agreements Summit in Kempton Park on 15 September 2023.
GDF Holdings leased municipal land for the development of infrastructure for telecommunication network transmission. The period for the land lease will be for 9 years and 11 months.
Speaking at the summit, MMC Kgopelo Hollo said more jobs are expected to be created through this collaboration.
MMC Hollo called on investors who want to use municipal properties to visit Real Estate offices based at the City’s customer care centres. He urged developers to get authorisation from the City before making permanent developments on the leased property, adding that any developments on the leased property will belong to the City when the lease expires.