Business Opportunities

Unlocking new commercial opportunities through Private Sector Participation

Building On PSP Success – New Opportunities

Building on a proven track record of delivering high-impact, transport-linked developments, Intersite continues to unlock new commercial opportunities across PRASA’s national property portfolio through Private Sector Participation (PSP). By partnering with private developers, investors, operators, and infrastructure specialists, Intersite enables the leasing, upgrading, and development of strategically located assets that drive sustainable returns and long-term socio-economic impact. These opportunities span multiple asset classes – offering flexible entry points for collaboration, co-investment, and innovation within South Africa’s most active transport and urban corridors – across the categories below.

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1. RETAIL

Vibrant, high-demand retail environments designed for growth.

Our retail spaces connect businesses to thriving commuter hubs, offering strong foot traffic and flexible layouts. Ideal for convenience, and established brands, these locations enable tenants to serve dynamic communities with impact.

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2. MALLS

Full-service shopping destinations that bring together retail, community, and convenience.

Our malls offer strong anchor tenants, established customer bases, and access to diverse markets. Ideal for retailers, food brands, and specialty stores, these spaces drive high engagement and consumer demand within vibrant, growing precincts.

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3. OFFICES

Modern, strategically located office spaces built for productivity and accessibility.

Our office facilities offer practical, efficient workspaces in well-connected precincts, ideal for businesses and government public services. With access to transport, amenities, and major rail nodes, these spaces provide convenience, affordability, and long-term value.

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4. INDUSTRIAL (WAREHOUSES)

Versatile industrial and warehousing solutions built for logistics, operations, and scale.

Our industrial and warehousing spaces near key rail lines and freight corridors support logistics, storage, and operations. With secure access, ample yard space, and flexible layouts, these facilities offer the infrastructure needed for business growth

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5. LAND

Strategically located land opportunities enabling long-term development, infrastructure expansion, and investment growth.

Intersite offers strategically located land across high-traffic transport corridors and station precincts. These sites are ideal for commercial, mixed-use, industrial, renewable energy, and infrastructure development through long-term leasing and partnerships.

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6. TELECOMMUNICATIONS

Prime telecoms infrastructure spaces powering fibre rollout, tower expansion, and high-demand Wi-Fi access.

Intersite’s Telecoms Infrastructure focuses on unlocking fibre, GSM-R tower and WiFi opportunities across PRASA stations, precincts, railway reserves and surrounding land - creating high-value digital connectivity solutions nationwide.

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DEVELOPMENT PROGRAMME

Partnering with the private sector to develop PRASA's property portfolio.

Focusing on commercialising PRASA's non-core property assets through Private Sector Participation (PSP) to unlock opportunities for:

  • Revenue Generation
  • Enhanced station precincts
  • Promoting economic activity and social impact

The Passenger Rail Agency of South Africa (PRASA) through its subsidiary, Intersite Asset Investment (SOC) invites members of the private sector to submit proposals for leasing, upgrading or development of properties at various train station across the country.

As an investment arm of PRASA, Intersite strives on leveraging on PRASA’s vast property portfolio through property development (Brown or Greenfield) for commercial and socio-economic benefits in the following markets: - retail, residential (social, rental stock), student accommodation, industrial use or mixed-use development. We therefore call on the private sector developers and investors to collaborate with Intersite as it seeks to partner alongside for co-investment purposes.

DEVELOPMENT PROGRAMME

Some of our flagship projects include:

Cape Town Station Mixed Use development

  • Landowner: PRASA
  • Developer: ERIS Property Group
  • Type: Mixed Use Development
  • Retail 6700sqm; 3080 Student Accommodation Beds
  • Estimated Cost: R1,2b
  • Intersite Stake: 25%
  • Completion: November 2023

Goodwood Station Social Housing Project

  • Landowner: PRASA
  • Developer: DCI CHS NPO
  • Type: Social Housing Rental Stock
  • 1055 Units
  • Estimated Cost: R550m
  • Completion Date: October 2023

The Lab Res

  • Landowner: PRASA
  • Developer:
  • Type: Student Accommodation
  • 700 Beds
  • Estimated Cost:
  • Completion Date: August 2024
pipeline

Intersite's Investment Pipeline

  • 28 developments in the pipeline & 30-year development lease signed
  • 7,531 residential units (social housing, open market units
  • 8,597 beds nationwide of student accommodation
  • 51 021m² Gross Lettable Arearetail & commercial
  • R8.1 billion of investor/private sector capital to be deployed and invested on PRASA land within the MTEF period
  • Expected land rental of R51 million by 2029 excluding the co-investment potential.

CO-INVESTMENT PROJECTS

Woodstock Retail (WC)
23,000m2 Retail
Anchors – Leroy Merlin, Checkers
Braam Station Student Living (GP)
1,029 beds
Unibell Student Living (WC)
3,550 beds
Komani Student Living (EC)
1,184 beds

Pipeline Summary

ProjectTypeUNITSGLABeds
Capital ParkSocial Housing1,440--
Lab Building, Hatfieldstudent Accom--688
Koedoespoort Vacant landRental Housing508--
Villiero Vacant landSocial Housing896--
IreneSelf-Storage-4,824-
Erf 620Student Accom--852
Regional Total2,8444,824.001,540.00

ProjectTypeUNITSGLABeds
UmbongintwiniSocial Housing320--
Springfield DrivethruRetail-750-
Tembalihle StationRetail-6,500-
Umlazi StationRetail-10,000-
Regional Total32017,250.00-

ProjectTypeUNITSGLABeds
Goodwood (Elsies River)Rental Housing451--
Woodstock Grey StreetRental Housing247--
Woodstock MarketRental Housing168372-
MowbrayStudent Accom228--
Woodstock IndustrialRetail/Industrial10916,000-
NewlandsStudent Accom--1,712
RosebankStudent Accom--712
UnibellStudent Accom--3,500
PentechStudent Accom--1,017
Regional Total1,20316,3726941

ProjectTypeUNITSGLABeds
Tipper BuildingRental Housing139--
South StationRental Housing2892,500-
Regional Total4282,500-

ProjectTypeUNITSGLABeds
Metropark/RotandaRental Housing2101,896-
GermistonSocial Housing360--
LerallaSocial Housing1,0203,000-
BenoniSocial Housing6303,450-
Brown BuildingStudent Accom-1,029-
Carr Street ResidentialOpen Market516--
Regional Total2,7369,375-

ProjectTypeUNITSGLABeds
Port ElizabethStudent Accom-700116
Regional Total-700116

TENDERS

Market Approach: Sites taken out on RFP Closed on 5 December 2025

Ref NoPropertyDescriptionCategoryPotential Usage
WCR/2025/GOODGOODHOPE CONCOURSEPtn Erf 148638 (Ptn Of Erf 10256) At Woodstock, Cape Town, Western CapeExisting BuildingMixed use development – Residential, Commercial, Retail
WCR/2025/EERSTEERSTE RIVER STATIONErf No: Farm No 637, Stellenbosch, Cape Town, Western CapeExisting Building – ResidentialMixed use development i.e. Residential, Commercial, Retail
VCR/2025/STEL1STELLENBOSCHRem of Erf 430, Stellenbosch, Cape Town, Western CapeVacant land & CommercialMixed use development – any other usage that aligns to the market demand and City’s plans
WCR/2025/SOMSOMMERSET WEST STATIONErven no: 1073, 1074, 1075, 1076 & Ptn of Erf 1064/36 at Somerset West Dist, Stellenbosch, Western CapeVacant land & CommercialMixed-use development – Residential, Retail, Commercial
WCR/2025/KALKKALKBAY, CLOVELLY RDErf 16463 at Kalk Bay, Cape Town, Western CapeVacant LandMixed-use development – Residential, Retail, Commercial
WCR/2025/HOEKFISH HOEKErf 17075 (A Ptn Of Erf 11737) Fish Hoek At Fish Hoek Station, Cape Town, Western CapeVacant LandAny other usage that aligns to the market demand and City's plans
WCR/2025/MAITMAITLAND STATIONErf 16880, Cape Town, City of Cape Town, Western CapeVacant LandMixed-use development – Residential, Retail, Commercial
WCR/2025/EPPLANGA STATIONErf 32563 at Epping, KwaLangaVacant LandRetail
WCR/2025/MONUMONUMENT STATIONErf 148638, Cape Town, Monument BuildingExisting BuildingResidential / Student Accommodation
VCR/2025/JAMST JAMES ST.Erf 88434 at MuizenbergVacant Land / Existing BuildingsBerbey Road
VCR/2025/SALTSALT RIVERPortion of Rem of Erf 15334 at Salt River, Cape TownVacant LandBerbey Road
VCR/2025/STEL2STELLENBOSCH STATIONErf 265 and Portion of Erf 3974, StellenboschVacant LandRetail / Student Accommodation