The Victoria & Alfred (V&A) Waterfront, JSE-listed Growthpoint Properties's flagship property, is starting to show a "nice gradual recovery" as SA's economy opens up after hard lockdown.

The V&A, with 500,000m² of developed property including 15 hotels, 450 shops, 80 restaurants, and 120 office tenants, usually receives about 80,000 visitors a day during peak tourist season and 26-million visitors a year. It had grown hotel occupancies 8% in the 12 months to February 2020.

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