
Growthpoint Properties reported that the V&A Waterfront generated R965 million for the group. According to the company, its like-for-like net property income rose by 10.6%, a performance it attributed to increased tourism, higher footfall and improved retail trading at the Cape Town precinct. The figures reflect the continued recovery and strength of the waterfront as one of the group's key assets, with visitor activity and retail sales contributing to the improved income for the period.
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