CAPE TOWN – The City of Cape Town says it investigate the sale of Foreshore land after demonstrators protest on Tuesday.
The demonstrators symbolically erected shacks on a vacant piece of land in the Foreshore that the city sold to developer Growthpoint Properties for more than R86 million in 2016.
Housing activist group Reclaim the City alleges that the city sold the land for far less than its actual worth.
Reclaim the City’s Karen Hendricks says the location was a prime spot for the City of Cape Town to build affordable housing units for Capetonians.
“…to bring the struggle for affordable housing to the heart of government, to the city centre.”
Growthpoint plans to construct a mixed-use development at the site that includes offices, a hotel and shops.
The company says it understands residents’ rights to protest but is taking legal action to regain access to the property.
The City of Cape Town says that due process will be followed when the company’s development rights application is being handled.