Ricochet News

MBDA moving ahead with acquisition of derelict properties

Feb 20, 2015
MBDA moving ahead with acquisition of derelict properties

The Mandela Bay Development Agency (MBDA) is moving ahead with the acquisition and refurbishment of derelict property. In a report to the Budget Performance Monitoring Forum, the MBDA states that it has made appointments with estate agents and has viewed one property.

A budget of just less than R6 million has been provided for the current financial year. The MBDA has been handed a mandate to investigate and revitalise all derelict buildings across the metro by the Economic Development, Tourism and Agriculture (EDTA) Committee.

The committee mandated the MBDA to enter into negotiations with the owners of both private and public buildings “with the intention of taking them over in the form of a lease or purchase” In a recent report to the committee, MBDA CEO Pierre Voges said the Agency wanted to acquire two derelict properties in the Hope Street area, adjacent to the Bird Street/Belmont Terrace upgrade.

In his report to the committee, EDTA Executive Director Anele Qaba said the metro was “characterised by a number of derelict buildings,” some of which had been abandoned for a considerable period of time and were in ruins, adding that this was affecting “the look and image of the city”. -MetroMinutes