Transnet to sell 15 properties, including historic Carlton Centre in Johannesburg
Transnet has announced a significant property sale, offering 15 assets, including the iconic Carlton Centre in Johannesburg, to government entities. This move marks a pivotal shift in the company's asset management strategy
South African logistics company Transnet has announced plans to sell 15 properties across the country, including the historic Carlton Centre in Johannesburg. The company stated that these properties are no longer considered part of its core assets. The list of properties up for sale includes shopping centres, golf courses, commercial buildings, and large pieces of land.
Among them, three are located in KwaZulu-Natal - Umlazi Mall Megacity, Durban Station Precinct, and Oribi Plaza in Port Shepstone. Other notable properties include Mount Frere Shopping Centre (Eastern Cape), Avion Park Golf Course (Ekurhuleni), Bloemfontein Golf Course and Club House, and Messina Superspar (Limpopo).
Transnet acquired the Carlton Centre from Anglo American in 1999 for R33 million, making it their headquarters. The 223-meter, 50-storey building previously held the title of the tallest structure in Africa when it opened in the 1970s. It was a symbol of Johannesburg's ambition and wealth, hosting international celebrities and statesmen.
However, the building has faced years of decline due to crime, vacant buildings, and a loss of businesses in the Johannesburg CBD. The Carlton Centre is a powerful reminder of a bygone era in the city's history, and now, it is on the chopping block.
Written by urgent.news from IOL's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
