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|
It is a favourite destination for Capetonians and tourists alike; attracting more than 23-million visitors a year, which makes it the most visited destination on the African continent. 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. It offers to visitors leisure, shopping, entertainment and business. The V&A also contains prime residential and commercial real estate.
Visitors to the Waterfront can visit over 450 world-class retailers, over 10 hotels, over 80 eateries including 12 fine dining restaurants, coffee shops, pubs and taverns, and a fresh food market. Business travellers can use 40 business function rooms at 11 conference venues, while leisure activities include over 450 world-class retailers and over 20 leisure activities,including helicopter flips, boat rides, the Cape Wheel (a 40-metre (130 ft) tall transportable Ferris wheel installation), the Two Oceans Aquarium, four museums, and several child-friendly activities that are not weather dependent. With 22 official historical landmarks on-site, the V&A Waterfront is also a historical South African location.
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.
In the future
The "Blue Shed Craft Market & Wellness Centre" is currently under construction and will be re-opening in the second half of 2014 at The Water Shed.
Table Mountain from the Victoria & Alfred Waterfront
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