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  • Clifton land where Glen Country bowling club and Bungalow is to be sold for over R100 million
    Posted by on Feb 4th, 2015

    The iconic piece of land where La Med used to be (now the Bungalow restaurant), the Glen Country Club plus bowling lawns, the tennis courts and cricket field are to be sold by the City of Cape Town for well over R100 million. The proposed sale will result in the probable development of an underground parking garage with 750 bays and 2750m² of commercial retail space with an anchor tenant (which i’m guessing is gonna be a Woolworths) and a possible residential complex. The Bungalow restaurant will be relocated apparently.

    R100 million seems way too low for that prime real estate.

    “While the upgrade project initially focused only on the Clifton garages – near the parking area for Clifton’s fourth beach – it was now proposed that the Glen Country Club and La Med restaurant, bowling greens, tennis courts, and a cricket oval, used also as a landing strip for paragliding enthusiasts, also should be included.”

    “It is envisaged that it will consist of a three-level underground parking garage with 750 bays, about 2 750m square of commercial space including an anchor retail tenant, a number of boutique line shops, and the possible relocation of the  famous beachfront La Med restaurant.” [more at Fin24]

    Now you know.

    Jagter says:
    February 02, 2015 at 12:29 pm

    R100M is the bargain of the century. If you put 20 Residential units up there, you’ll get back 10 times that.

    Tracy says:
    February 02, 2015 at 12:29 pm

    Probably being sold to someone in Zuma’s family!!! :(

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