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The V&A Waterfront is situated in the oldest working harbour in South Africa. With Table Mountain as its backdrop and extensive views of the ocean, the V&A boasts 22 heritage sites across the property. The mixed-used property, at a size of 123-hectares is home to different experiences which range from leisure and shopping to family entertainment. In addition, the V&A also includes residential and commercial property.
Developed in 1988 by the state owned Transnet, the V&A is now owned by Growthpoint and the Government Employees Pension Fund (GEPF), represented by the Public Investment Corporation Limited (PIC). Contributing R259.1 billion in nominal terms to the South African economy over the last twelve years, the V&A Waterfront’s cumulative contribution to the provincial GGP since 2002 was over R227 billion. Total visitor numbers have grown to 24 million a year by 2014 (at year end). Although the V&A Waterfront remains South Africa’s favourite tourist attraction for international tourists they account for only 23% of all visitors. Visits by locals increased to 63%, while 14% of visitors were from upcountry.
The V&A forms part of the Cape Town Big 7, one destination comprising of 7 memorable experiences. Other partners of the Cape Town Big 7 include Cape Point, Groot Constantia, Kirstenbosch National Botanical Garden, Robben Island, Table Mountain Cableway and City Walk.