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One of Africa’s most visited tourist destinations, the Victoria and Alfred (V&A) Waterfront attracts over 24 million visitors every year. Set in the oldest working harbour in the southern hemisphere, the 123-hectare mixed-use development is home to a large number of corporate head offices, industrial space predominantly used by the fishing and marine industries, and 12 hotels. The development has vast retail, dining, leisure and entertainment offerings as well as important heritage sites and tourism landmarks. Growthpoint Properties acquired a 50% stake in the V&A in 2011, with the Public Investment Corporation owning the other 50% on behalf of the Government Employees Pension Fund.

V&A at a Glance:

Location: Cape Town, South Africa

Asset type: Retail

gla

464 396 ㎡

GLA

1

Number of Properties

value

R17.8bn

Value of Properties

Highlights

  • Low vacancies, high rental levels and good renewals
  • Strong demand for core retail and office space
  • The Victoria Wharf has become the highest Green Star-rated shopping centre of its size in SA with a 5-Star rating. The V&A is also home to the highest Green Star-rated hotel in Africa with an additional 12 Green Star-rated buildings in the precinct
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Johannesburg:

The Place, 1 Sandton Drive, Sandton

011 944 6000

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Durban:

4th Floor, Lincoln on The Lake, 2 The High Street, Parkside, Umhlanga Ridge

031 584 5100

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Cape Town:

4th Floor, MontClare Place, Main Road, Claremont

021 673 8400