Response from Coega re: Prime 524ha Coega site available for purchase

Posted On Thursday, 21 June 2007 02:00 Published by eProp Commercial Property News
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In Reference To The Press Release Sent To The Media On Behalf Of Pam Golding Properties About A "Prime Coega Site Available For Purchase" - These Are The Facts:

Property-Housing-ResidentialThe land referred to falls within the proclaimed IDZ boundary. The CDC is in discussions with all land owners within the IDZ to acquire their land, and is offering to purchase this land at reasonable market rates.

We have largely succeeded with the option to purchase, but where this option does not yield positive results, we will (and in some cases have already done so) resort to expropriation to secure control over all land within the proclaimed IDZ boundary.

The same principle applies in this case.

For further details and any questions please contact Vuyelwa Qinga-Vika at 041 5079023.

Last modified on Wednesday, 25 June 2014 12:21

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