One of South Africa’s most successful tourist attractions, the V&A Waterfront in Cape Town, is planning to start construction in 2025 on its new ZAR20 billion Granger Bay development.
The development, which will be built in stages over the next two decades, will see its current 614 000 m2 footprint be expanded by 440 000 m2. It will also involve reclaiming land from the sea and reconnecting public access to the ocean’s edge.
Joint shareholders Growthpoint and the Public Investment Corporation have given their approval for the project, but the City of Cape Town is still assessing its rezoning applications. In addition, the project is subject to statutory oversight, including environmental impact assessments and reclamation approvals.
‘The V&A Waterfront’s ultimate vision for Granger Bay is opening up public access to a new protected area,’ says V&A spokesperson Donald Kau.
‘Our design approach will strengthen the shoreline and protect the bay, at the same time as creating a new leisure destination for swimming, walking and water-based activities.’
The new multi-use precinct is expected to be residentially focused, but will also include public and cultural amenities. It is expected to include a walkway connecting the CBD to Mouille Point on the other side of Granger Bay.
