V&A Waterfront makes R965m for Growthpoint Properties

“The V&A Waterfront remains one of the Group’s highest-quality and most differentiated income platforms, with diversified exposure to retail, tourism, hospitality, residential development and operations,” said Growthpoint Properties.” The future of the group Growthpoint Properties said it expects its business to remain on a solid footing in 2027 financial year because the country’s property market is improving, its coastal properties are performing well, the V&A Waterfront is generating reliable income, and borrowing costs are lower.“Overall, improving South African operating fundamentals, strong coastal performance, the V&A Waterfront’s high-quality income and lower finance cost margins provide a sound foundation for FY27.