The V&A Waterfront is one of Africa's most visited destinations with 24 million visitors annually. It is situated in the oldest working harbour in the southern hemisphere, with the iconic Table Mountain as its backdrop and extensive views of the ocean, city bowl and mountain peaks.
A mixed-use development, the V&A Waterfront covers 123 hectares, comprising residential and commercial property, hotels, retail, dining, leisure and entertainment facilities for both local and international visitors. Along with heritage sites and tourism landmarks, it also includes hotels, retail districts, residential units, corporate offices, markets and the recently opened Zeitz Museum of Contemporary Art Africa (MOCAA) – hosting the world's largest collection of contemporary art from Africa and its diaspora.
The V&A Waterfront also plays a vital role in the South African economy, with a R335 billion (USD25 billion) in nominal terms over the past 14 years. Every day, 21 000 people come to work at V&A Waterfront, 1 500 people live there and up to 180 000 visitors come every day in peak season.
The V&A is also developing a world-class cruise terminal – in walking distance of Zeitz MOCAA – set to open towards the end of 2017.
The V&A is jointly owned by Growthpoint Properties Limited and the Government Employees Pension Fund (GEPF), represented by the Public Investment Corporation Limited (PIC).
Download the latest economic impact study, quantifying the economic contribution the V&A Waterfront is making to Cape Town and South Africa