Victoria & Alfred Waterfront
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|Victoria & Alfred Waterfront|
|Location||Cape Town, Western Cape|
|Ocean/sea sources||Table Bay Harbour of the Atlantic Ocean|
|Basin countries||South African|
The V&A attracts more than 23 million visitors a year. Of the total visitors to the V&A, 55% are Capetonians, 19% from the rest of South Africa and 26% are international. Visitor numbers to the Victoria Wharf grew by 7% during 2013, and a peak of 175 000 visitors was recorded on 31 December of that year.
Situated in South Africa’s oldest working harbour, the 123 hectares (300 acres) space has been developed for mixed use, containing residential and commercial real estate.
Contributing R198 billion to the South African economy over the last ten years, the V&A Waterfront’s cumulative contribution to the provincial GGP since 2002 was over R173bn. The property also reported a 20.6% increase in retail trade sales for 2013, marking 29 months of consistent growth since August 2011, and concluding 2013 with 19.8% year-on-year growth.
Jointly owned by Growthpoint Properties Limited and the Government Employees Pension Fund (GEPF), represented by the Public Investment Corporation Limited (PIC), the V&A Waterfront was developed in 1988 by the state-owned transport corporation, Transnet Limited, while official commercial trading commenced in November 1990.
Products and Services
With over 450 retail outlets selling everything from fashion, home-ware and curios, to jewellery, leather goods and audio-visual equipment. The Waterfront is also still a working harbour and the fishing boats can be seen working bringing in fresh fish or the large container ships being towed in by the tugboats.
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