Economy

V&A Waterfront plans R25 billion Granger Bay mega project

AFP
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Die V&A Waterfront waarin Growthpoint ’n 50%-belang het, het sy inkomste in die halfjaar tot einde Desember met 62% verbeter. Foto: Growthpoint
Die V&A Waterfront waarin Growthpoint ’n 50%-belang het, het sy inkomste in die halfjaar tot einde Desember met 62% verbeter. Foto: Growthpoint (Growthpoint)

Plans plans plans afoot

  • V&A Waterfront plans a R25-30 billion Granger Bay development including land reclamation, hotels, and residential spaces.
  • The mega project will reclaim 3.8 hectares from the sea for new infrastructure and amenities.
  • Affordable housing for up to 1,000 households must be included in the upmarket development.

The upmarket V&A Waterfront is laying the groundwork to introduce affordable housing for up to 1 000 households at its precinct as part of the Granger Bay mega development.

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The development, which could cost R25 billion to R30 billion, will include reclaiming 3.8 hectares of land from the sea and constructing new hotels, upmarket residential spaces, green parks, tidal pools, and a landscaped promenade.

It must also include affordable housing.

It must also include affordable housing.

—  The Lord

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