According to media report claims, the famous Carlton Centre in the heart of Johannesburg is up for sale for roughly R900 million. Transnet has made the decision to sell the building. They currently oversee a portfolio of industrial and residential properties with a book value of R6.5 billion.
Transnet specified that the complex was an immovable asset that was up for sale in a bid description for the property. They claim that the merger of Propnet and Transnet Housing resulted in the creation of its property unit on January 1, 2008.
“At the time of its formation, it became only a strategic support unit, not focused on growth, but a corporate centre function providing services to the group by managing the non-core and strategic property portfolio, pending disposal or utilisation by business, and providing corporate real estate services,” Transnet said.
Leading local companies including Pick n Pay, Woolworths, Timberland, Edgars, Mr. Price Kiddies, Absa, Nedbank, Standard Bank, Capitec, Clicks, McDonald’s, Nando’s, KFC, and Wimpy are among the tenants of Carlton Shopping Centre, which is regarded as its flagship property. In the meantime, the state-owned enterprise announced that Transnet Engineering (TE), an operating subsidiary of Transnet SOC Ltd (Transnet), is looking for a partner to form a leasing company to lease rolling stock, including wagons and locomotives, to the market in response to local and regional demand.
“The establishment of a leasing company is aligned with the policy directive for rail reform and aims to create a more enabling environment by lowering barriers to entry for new Train Operating Companies (TOCs) who will be utilising available slots on the network in line with the regime for third-party access,” read a statement.
The goal of the statement is to expand and diversify TE’s revenue sources while boosting demand for its core business of manufacturing, remanufacturing, maintenance, and engineering services. Leasing is described as an efficient and sustainable global trend among international rail and port operators.
