Saturday, July 22, 2006

Companies queue to buy Waterfont

By Odette Ismail

The Victoria and Alfred Waterfront are attracting buyers all over the world as it is South Africa’s biggest tourist asset. The tender process will hopefully close next week said Derick van de Merwe, chief executive of the V&A. This is only if the owners (Transnet and the different pension funds), of the Waterfront identify a possible buyer for the premier development.

According to the Weekend Argus, Transnet and the pension funds did mention that they were keen to sell the development earlier this year.

Van de Merwe said the V&A management company will sell everything which includes the land, buildings and all future development rights to the ideal buyer.

A spokesperson for Investec, one of the institutions contracted to find a buyer said that not only international companies were interested, but local companies as well. Transnet, which had inherited the land from old SA Railways and Harbours, sold 80% of the Waterfront to the Transnet Pension Fund.

Transnet was criticised quite a bit for the sale which some said was just a ‘paper transaction’ with no real money.



At Saturday, 12 May, 2007, Blogger Kely said...

Hello I want to congratulate to you. This site is fantastic, looks like entertained and very good to me it elaborated. I invite them to that they explore a little on my site of the Web
Our real estate listing includes great opportunities on Costa Rica Central Valley’s provinces such as San Jose, our Capital, with remarkable cities as Escazu at the west, or Curridabat at the east, experiencing a great development on both commercial and residential properties, making their real estate pricing highly attractive to investors; on other hand, Alajuela city gathers places with a very special warm weather such as Grecia, La Garita and Atenas, or beautiful farms for agricultural, cattle or nature preservation purposes as those located on San Carlos or Sarapiqui. We also offer land properties in Guanacaste, which is the province, along with Puntarenas, with the most beautiful tropical beaches on the Pacific Coast such as Tamarindo, Playa Grande, El Coco, Playa Hermosa, Nosara, Samara, Herradura, Jaco, Manuel Antonio, Dominical and Golfito, where the real estate business occupies the first place as the local economic activity.
Great investment opportunity at Costa Rica Pacific Coast, Preconstruction condos in costa rica
Condo sales in costa rica, Retirement property in costa rica. Visit us for more info at:


Post a Comment

<< Home

Ilmainen www-laskuri