Cape Town - The V&A Waterfront, one of Cape Town's top tourist attractions, is set to get a cash injection of R7 billion that will place the already swanky centre firmly in the upper-class bracket.Nakheel Hotels & Resorts chief executive James Wilson said the money would be in addition to the R7 billion that the new owners had paid to Transnet and its pension funds.In September Nakheel sibling company Istithmar, UK property company London & Regional Properties and local black empowerment partners bought the V&A, announcing that they would bring an element of "pizazz" to the property. Only about half of the 603 000m2 property had been developed by Transnet.
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