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Johannesburg - Growthpoint Properties [JSE:GRT] said on Thursday that all conditions for its acquisition of the V&A Waterfront in Cape Town had been fulfilled.
They included approval for the deal by the competition authorities.
Growthpoint, together with the Public Investment Corporation representing the Government Employees Pension Fund, announced in February this year that they had entered into an agreement to acquire, in equal proportions, the iconic V&A Waterfront for R9.7bn.
The sellers were UK-based London & Regional Properties, and Dubai World. The V&A Waterfront is a mixed-use property development and a showpiece for SA as its most visited tourist destination, attracting in excess of 21 million visits a year.
They included approval for the deal by the competition authorities.
Growthpoint, together with the Public Investment Corporation representing the Government Employees Pension Fund, announced in February this year that they had entered into an agreement to acquire, in equal proportions, the iconic V&A Waterfront for R9.7bn.
The sellers were UK-based London & Regional Properties, and Dubai World. The V&A Waterfront is a mixed-use property development and a showpiece for SA as its most visited tourist destination, attracting in excess of 21 million visits a year.
