Vacant land in Khayelitsha: Old Mutual responds

Old Mutual's Portside building in the city centre. A condition for buying the property where this building is situated is that land owned by Old Mutual in Khayelitsha would be developed. Seven years later it remains vacant. Photo by Brent Meersman.

When Old Mutual initially purchased the Portside property, we accepted an obligation to the City of Cape Town to develop 500 houses in Khayelitsha. In consultation with the stakeholders, a proposal was developed to create a mixed-use development that included a commercial