The ECDC manages a substantial property portfolio which enables it to rent out industrial and commercial premises at affordable rates or sell property to appropriate investors. The ECDC also functions as the manager of large infrastructure projects for the Eastern Cape Provincial Government.
The Property Management Unit offers small-to-medium enterprises suitable premises at affordable rates through its diverse property portfolio. When it is in the interests of the corporation, the ECDC will consider selling its property to the investor.
The ECDC is one of the biggest property owners in the province with residential, commercial, manufacturing and warehousing space. Large areas of vacant land zoned for residential and commercial purposes are also available.
The following suite of services is offered:
- facilitate commercial and industrial activity;
- assist new investors to find properties;
- facilitate SMME development, particularly in underdeveloped areas.
The unit also facilitates strategic alliances regarding multi-tenanted residential complexes so as to maximise revenue and minimise costs.
Infrastructure (Strategic Projects)
The ECDC has been entrusted by the Eastern Cape government to manage some of its special functions and projects such as the integrated infrastructure programme and a number of large-scale development projects.
This unit provides the following services:
- Planning and monitoring
- Facilities and property management
- Industrial Parks Revitalisation Programme
The primary objectives of this programme are to stimulate economic growth through supporting of SMMEs; to build SMME zones to accommodate SMME start-ups; make the parks an investment destination of choice; devise and introduce incentive schemes for potential investors, to allocate properties to sustainable businesses showing growth and intending to employing local labour.
The parks in the programme are Dimbaza Industrial Park, Butterworth Industrial Park, Vulindlela Heights Industrial Park, Queendustria Park, Fort Jackson Park, Buffalo City Automotive Aftermarket Incubator.
Socio-economic and enterprise development
This area of the unit’s work will be achieved through setting up and managing an SMME database, training and mentoring of SMMEs, placement and recruitment of local labour management, technical and non-accredited training and intern placement and training.