Tourism and semigration drives V&A Waterfront’s performance
The retail sales of the popular hotspot are 43% higher than pre-pandemic levels
The return of international tourists and the so-called semigration to Cape Town is fuelling trade at the popular V&A Waterfront (V&A), according to joint-owner of the popular hotspot Growthpoint Properties.
SA’s largest listed real estate company, valued at about R35.1bn on the JSE, said on Wednesday in an update for the three months to end-September that retail sales improved 20% year on year and are up 43% from the same period in 2019, while visitor numbers jumped 49% year on year...
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