The growing number of workers moving to new corporate offices in Sandton has created an opportunity for property companies to develop housing for the upper end of the market.

Growthpoint Properties and the Public Investment Corporation, which bought Cape Town's Victoria & Alfred (V&A) Waterfront for R10bn in mid-2011, have plans to invest another R3bn-R4bn over the next three years to unlock the precinct's remaining 200,000m² development potential.