Luxury apartment block sold for R400m at Waterfront Marina
Largest residential sale yet at V&A Waterfront Marina
A luxury apartment block has been sold for R400m, the largest one-off property deal at the Victoria & Alfred (V&A) Waterfront Marina in Cape Town. Specialist tourism advisory company TPF Advisors, part of the Village N Life Group and an online commercial broker, Quoin Online, handled the sale of Lawhill Luxury Apartments, a block of nearly 5, 500m² consisting of 30 sectional title luxury apartments, including two 450m² penthouses. The deal involved two individuals. Hannes Swart, founding partner of TPF Advisors, said each individual declined to have their name disclosed but that the buyer said the apartments were located at the most desirable address in Cape Town, next to The One & Only Hotel. “The property is marketed to sophisticated travellers who seek ultimate luxury. The Lawhill sale is the largest residential transaction yet in the V&A Waterfront Marina, and demonstrates the healthy investor appetite for property linked to the international tourism market,” he said. The V&A Ma...
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