V&A Waterfront sold for 10-billion-Rand
By Jurina Nkwazi
11 December 2010
One of South Africa's tourist attractions, The V&A Waterfront in Cape Town, has allegedly been sold for 10-billion-Rand.
According to media reports, the Waterfront was sold by Britain-based London & Regional Properties and Dubai-based investment firm Dubai World to a consortium that includes Absa Group and Growthpoint Properties.
Transnet who previously owned the real estate sold it for 7-billion-Rand to L&R Properties and Dubai World in 2006.
11 December 2010
One of South Africa's tourist attractions, The V&A Waterfront in Cape Town, has allegedly been sold for 10-billion-Rand.
According to media reports, the Waterfront was sold by Britain-based London & Regional Properties and Dubai-based investment firm Dubai World to a consortium that includes Absa Group and Growthpoint Properties.
Transnet who previously owned the real estate sold it for 7-billion-Rand to L&R Properties and Dubai World in 2006.
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