Our backyard has become this amazing waterfront development that is now the signature of Cape Town. It is a complex of shops, restaurants, live events, and hotels in the midst of a working harbor with magnificent views of Table Mountain. The whole development is designed with great care to keep the surrounding views unobstructed while allowing tourism to flourish alongside commercial port activities. This well developed and managed complex has gotten so much attention, that it is now used as a model for other countries to follow and the people involved in its creation and maintenance have become consultants.
One clear measure of its success has been its recent acquisition:Dubai-based Istithmar & UK-based London & Regional Properties have won the race for one of South Africa’s most-visited property and leisure developments, as they confirmed that their joint venture had successfully bid US$ 1 billion for the V&A Waterfront Company.
The Victoria & Alfred Waterfront in Cape Town is a mixed-use prime waterfront real estate development in which shopping and entertainment venues are intermingled with office locations, world-class hotels and luxury apartments in the residential marina and active fishing port. Its leading hotels include Sun International’s Table Bay Hotel and The Cape Grace.
A "One of Its Kind" six stars hotel is under construction. Once finished, it will be the most luxurious hotel in all of Africa!
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