Growthpoint's R9.7bn V&A Waterfront deal approved

Posted On Friday, 10 June 2011 02:00 Published by Commercial Property News
Rate this item
(0 votes)

Growthpoint Properties announced that all conditions precedent to the acquisition of the V&A Waterfront in Cape Town had been fulfilled.

V&A Waterfront

 

 

 

 

 

 

 

Growthpoint Properties announced on Thursday that all conditions precedent to the acquisition of the V&A Waterfront in Cape Town had been fulfilled.

These included, among others, the approval by the competition authorities.

Growthpoint, together with the Public Investment Corporation representing the Government Employees Pension Fund, announced in February this year that they had entered into an agreement to acquire, in equal proportions, SA's iconic V&A Waterfront for R9.7 billion.

The sellers were UK-based London & Regional Properties, and Dubai World.

The V&A Waterfront is a mixed-use property development and is a showpiece for SA, being its most visited tourist destination, attracting in excess of 21 million visits annually.

Last modified on Sunday, 09 June 2013 15:41

Most Popular

Equites Property Fund’ prime logistics portfolio delivers exceptional returns

May 04, 2022
Andrea Taverna-Turisan
Equites Property Fund Limited today announced growth in its distribution per share of…

When is eviction legal? All you need to know about dealing with problem tenants

May 04, 2022
Evictions
Buying an investment property is great, especially when you’ve chosen a good location.…

Steilloop Shopping Centre makeover exceeds customer needs

Apr 22, 2022
Rural Limpopo's Steilloop Shopping Centre was bought by developer, GMI Property Group…

Deadline looms for energy performance compliance for commercial buildings

Apr 25, 2022
Energy certiticate
By 7 December 2022, commercial properties in specified sectors must have obtained their…

First quarter Rode’s Report raises doubts over the Sectional Titles Schemes Management Act

Apr 25, 2022
Default Image
The latest issue of the Rode’s Report has brought into question the practicality of the…

Please publish modules in offcanvas position.