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PHONE:
+27 10 219 9000
(010 219 9000)
FAX:
+27 10 219 9400
(010 219 9400)
EMAIL:
Client Servicing Unit

Office address

Head office

1st Floor
Forum 2
Braam Park
33 Hoofd Street
Braamfontein

PO Box 31565
Braamfontein
2017

Core Business Services

Property asset management:
This function involves maximizing the CoJ’s return on its property portfolio, both in terms of its social, economic and financial value. The asset manager's responsibility is the strategic management of property assets during their useful life in the organisation, they are planned and created, used, managed and maintained, and when no longer required they are prepared for disposal. In addition much focus is placed on funding for the various property related components, like development costs, etc.

Property management:
This function involves maximizing the efficiency of the CoJ’s Portfolio of properties. The property manager manages the properties. This includes leasing the premises (themselves or with agents) collecting the rentals, overseeing building maintenance, paying service providers, managing tenant relationships, running the accounts and providing reports. Facility Management is a sub function of property management which refers to building planning, design, and management of occupied buildings and their associated building systems, equipment, and furniture to enable and enhance the organisation’s ability to meet its business and programmatic objectives. FM therefore refers to organisational effectiveness.

Property Development:
This function involves conceptualizing, designing and then implementing (either singly or in partnership) a development on CoJ land. JPC is the only MOE mandated to deal with Council owned land and creating a return on investment and contributing to the rate base of the city.

Stakeholder Management Unit:
This function is two folded and involves addressing the needs of external as well as internal stakeholders; there is an in-house support team dedicated to queries and enquiries. The Client Servicing unit assists the public with “tender procedures” and “expression of interest” applications. Our external unit focuses on communicating and engaging with external stakeholders such as; regional directors, ward councillors and communities where land related developments/sales affect them.

City of Joburg Property Company (SOC) Ltd
The Joburg Property Company (JPC) is a dynamic, visionary company mandated to manage and develop the City of Johannesburg’s (CoJ) property portfolio, valued at R8.6 billion. As a promoter of innovative solutions to the development challenges of contemporary Johannesburg, JPC utilises council-owned land assets to leverage private sector investment in public infrastructure.

JPC’s mission is to:
  • manage the property assets of the CoJ, maximising the social, economic and financial value of the CoJ’s property portfolio, and enhancing the efficiency of its use;
  • provide Asset Management, Property Management, and Property Development services to the CoJ, and interact with the general public; and
  • to support the achievement of the CoJ’s strategic priorities, including economic and social development, and the service delivery objectives of the CoJ.

The JPC Transformation Unit aims to harness the City of Johannesburg’s property portfolio transactions to increase economic growth and to implement Broad-Based Black Economic Empowerment (BBBEE), while creating jobs and economic opportunities for the disadvantaged communities and businesses. The unit fosters transformation in JPC’s business focus, by ensuring that all transactions include social transformation, economic development and investment in communities and its members, particularly among the disadvantaged youth.

In line with the CoJ’s priorities, the Transformation Unit's objectives are to develop the economy and the community, support the CoJ Housing Master Plan and ensure that environmental programmes and parameters are implemented when utilising CoJ’s property portfolio.

These objectives are achieved through programmes such as the Youth Property Programme; Entrepreneurship Programme; Facilities Management Programme; Internship and Learnership Programme; Environmental Programme and SMME and Community Support Programme.

Major projects
In a bid to leverage R5 billion private sector investment during the 2008/09 financial year, the following major projects have been implemented in and around the City:

  • Jabulani - An amount of R3.5 billion in development has been awarded and contracts have been signed. The development includes the refurbished amphitheatre, parkland, public art, public amenities and the Soweto Theatre, as well as the development of retail, office, industrial and residential space.
  • Newtown - The tender for the R900 million development of the Potato Sheds building has been awarded through tender. This modern high-density mixed-use and arts centre includes a 35 000m2 retail centre, as well as a 180-room hotel with a gymnasium and conference facilities, and basement parking.
  • Newtown - A tender for the amount of R57 million has been awarded for the development of the Majestic building - a unique mixed-use development comprising retail space and corporate office space.
  • Newtown - The tender for the development of Site 6 Newtown for R316 million has been awarded. This is a dynamic mixed-use development featuring a world-class hotel for business and leisure travellers, a conference centre and gym, as well as retail space and basement parking.
  • Sandton - The tender for the R4 billion development at the Sandton Gautrain Station (Erf 535) has been awarded. The development of a multi-nodal transport exchange also includes the development of retail, office, hotel and residential space.

The total investment generated is R9.216 billion which is almost twice the targeted private sector investment.

Other major projects in various stages of planning and development include:

  • Site 2 Central Place in Newtown – a R52.6 million development incorporating 608 m2 of modern office space, as well as 4 159 m2 of retail space.
  • Barra Central Redevelopment - a R100-million public environment upgrade of the Bara Central node into a vibrant high-density mixed-use destination including a new underground 300 car parkade, a new public square with artwork and upgrade of the streets, expected to attract private sector investment of R140 million.
  • Diepsloot South Development - An investment of R1.6 billion is expected to yield a commercial development spanning 287 663 m2, including office, retail and industrial space, as well as 6 260 residential units, three primary schools, a secondary school and a community park.
  • Orlando eKhaya precinct - covering 300ha in Soweto, the project features multiple development sites, including Isango Waterfront Mall; Elangeni Waterfront; Elangeni Events Stage; Orlando Bridge; Orlando Towers; University of Johannesburg Soweto Campus; Katavi Orlando Villages and Joshco - Orlando Hostel Conversion.

Recent accomplishments

  • JPC leveraged R8.6 billion private sector property construction investment within the 2008/09 financial year - a 171% achievement against the targeted investment value of R3.5 billion.
  • JPC facilitated the creation of 2 390 jobs through construction on Council-owned land. A further 31 people were trained in construction and property skills through the implementation of the Property Boomshare Strategy.
  • JPC has secured investments of R4.7 billion in marginalised areas, particularly the South of Johannesburg and the Inner City, which represents a 188% achievement above the set target of R2.5 billion.
  • Land regularisation - formalisation of property rights mainly in the former Black townships and transfer of properties to beneficiaries in Soweto, Orange Farm, Lenasia and Ennerdale:
    - 46 transfers;
    - 2635 ready for transfer;
    - 243 rezoning applications done;
    - 10930 properties surveyed to date;
    - 164 townships proclaimed.
  • Upscaling of new entrant property owners in CoJ land/property disposals: 10% of all land/property disposals less than 2ha were allocated to minimum 80% BEE owned and controlled entities.
  • JPC was instrumental in supporting the COJ’s Housing Master Plan through the acquisition of land parcels to support housing delivery - 24 000 units can now be provided in the Doornkop area and 5 000 units in the Princess Plots area.
  • 30% minimum social housing units incorporated in all residential developments on CoJ land.
  • During the 2008/09 financial year, 5 properties were availed to NGOs, Community Based Organisations (CBOs) and other Non-profit Organizations (NPOs).
  • Budgeted land sales were set at R11 million and the company achieved R15,3 million.

Fast Facts

  • Agent of the City of Johannesburg (CoJ) Metropolitan Municipality, contributing to the vision: A World-Class African City.
  • Generates income for COJ and facilitates social transformation.
  • Attracts investment to foster economic growth and development.
  • Utilises council-owned land assets to leverage private sector investment in public infrastructure.
  • JPC Transformation Unit harnesses the CoJ’s property portfolio transactions to implement BBBEE.