State transport utility Transnet and associated unitholders are to sell at least 74 per cent of their stake in the prestigious Victoria & Alfred Waterfront as part of a strategy to dispose of non-core assets and free up cash for a R64 billion infrastructure investment programme. Companies considering buying into the property have until 21 July to register their interest. Only offers for a minimum stake of 25 per cent will be considered, with preference going to a single buyer. Following a regeneration project in the early 1990s the V&A Waterfront has become one of the countrys prime tourist attractions, drawing up to 22 million visitors a year. Dating back to 1860, it offers a combination of residential and commercial property. For information see V&A Waterfront website www.waterfront.co.za (See also Waterfront in the Cape Town city guide).
State transport utility Transnet and associated unitholders are to sell at least 74 per cent of their stake in the prestigious Victoria & Alfred Waterfront as part of a strategy to dispose of non-core assets and free up cash for a R64 billion infrastructure investment programme. Companies considering buying into the property have until 21 July to register their interest. Only offers for a minimum stake of 25 per cent will be considered, with preference going to a single buyer. Following a regeneration project in the early 1990s the V&A Waterfront has become one of the countrys prime tourist attractions, drawing up to 22 million visitors a year. Dating back to 1860, it offers a combination of residential and commercial property. For information see V&A Waterfront website www.waterfront.co.za (See also Waterfront in the Cape Town city guide).