Investments

Delivering Impact Through Intelligent Asset Investments and Private Sector Partnerships

investments

Intersite’s Flagship Investments

Intersite’s flagship investments exemplify our commitment to transforming PRASA-owned assets into high-impact, socially responsive, and commercially sustainable developments. Through strategic private sector partnerships, innovative precinct planning, and long-term value creation, these projects demonstrate how transit-oriented development can unlock new economic opportunities while uplifting communities and modernising South Africa’s urban landscape.

Each initiative highlights our ability to carry Private Sector Partnerships, deliver integrated solutions spanning mixed-use precincts, affordable housing, student accommodation, and renewable energy that serve commuters, communities, cities, and the national economy.

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.

Our Featured Investments

Showcasing Impactful & Successful Developments

Cape Town Station Mixed-Use DevelopmentView Investment
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Cape Town Station Mixed-Use Development
The Lab on Park Student Accommodation, BraamfonteinView Investment
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The Lab on Park Student Accommodation, Braamfontein
Goodwood Social Housing DevelopmentView Investment
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Goodwood Social Housing Development
Durban Station 1MW Renewable EnergyView Investment
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Durban Station 1MW Renewable Energy
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 Area (retail & 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.

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

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
Join Intersite in shaping inclusive, investment-ready precincts through strategic private sector partnerships that deliver lasting economic and social impact.
Start a partnership conversation