{"id":228900,"date":"2025-10-16T11:31:14","date_gmt":"2025-10-16T11:31:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/228900\/"},"modified":"2025-10-16T11:31:14","modified_gmt":"2025-10-16T11:31:14","slug":"growthpoint-backs-cape-winelands-airport-in-landmark-partnership","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/228900\/","title":{"rendered":"Growthpoint backs Cape Winelands Airport in landmark partnership"},"content":{"rendered":"

Plans for Cape Town’s second international airport in the Cape Winelands just received a major boost with the announcement that Growthpoint Properties<\/a>, South Africa\u2019s leading REIT, has made an initial investment and will co-develop the Cape Winelands Airport precinct.\u00a0<\/p>\n

The co-owners of the V&A Waterfront<\/a> will bring their expertise in large-scale, tourism-led property development to the project, with construction set to start as early as 2026, pending approval of an extensive Environmental Assessment currently under review. \u00a0<\/p>\n

\u201cThe Environmental Impact Assessment is currently with the Department of Environmental Affairs and Development Planning, and we\u2019re now awaiting the outcome,\u201d Deirdre Davids, spokesperson for Cape Winelands Airport previously told Time Out – with\u00a0four rounds of public participation and nearly two dozen specialist studies undertaken.\u00a0<\/p>\n

SEE:\u00a0Cape Town’s New International Airport: Here\u2019s what travellers need to know<\/a><\/p>\n

The privately owned airport, formerly known as Fisantekraal Airfield, is set to become a state-of-the-art, sustainable international airport and a mixed-use precinct spanning 450 hectares, featuring logistics, commercial, and hospitality developments. \u00a0<\/p>\n

Details of the partnership indicate that Growthpoint’s initial investment is one of several pillars in a long-term partnership.\u00a0Under the agreement, the REIT\u00a0will assume long-term property and asset management responsibilities across the aviation precinct\u2019s logistics, commercial and hospitality components, excluding the terminal buildings. It also has the right of first refusal to co-invest in future property developments. <\/p>\n

Growth point will also oversee the development\u2019s main contractor to ensure institutional standards in transparent governance, financial discipline, positive environmental and social impact integration and development delivery.\u00a0\u00a0<\/p>\n

The success of the V&A Waterfront \u2013 one of Africa\u2019s most visited destinations \u2013 provides Growthpoint with first-hand insight into how well-planned tourism infrastructure can drive inclusive economic growth. \u00a0<\/p>\n

Targeting 5 million passengers in phase one<\/p>\n

The first phase targets a 2028 opening and aims to achieve a capacity of over five million passengers by 2050.<\/p>\n

Officials say the airport will ease pressure on Cape Town International Airport, boost trade and tourism, and create an estimated 35,000 direct and indirect jobs, rising to over 100,000 in the first 20 years.\u00a0<\/p>\n

Sustainability is also at the core of the airport’s design, according to the developers, with plans for renewable energy, water reuse, and carbon-neutral operations.<\/p>\n

Nicholas Ferguson, Managing Director of RSA Aero, called the partnership \u201ca step-change for Cape Winelands Airport.\u201d <\/p>\n

At the same time, Growthpoint CEO Norbert Sasse described it as \u201ca long-term platform for investment, innovation, and opportunity in the Western Cape.\u201d\u00a0<\/p>\n

Sign up to Time Out Cape Town’s free newsletter\u00a0<\/a>for expert recommendations on new things to do, see,\u00a0eat\u00a0and\u00a0drink\u00a0in the Mother City. You can also follow\u00a0Time Out Cape Town on\u00a0Facebook<\/a>,\u00a0Instagram<\/a>\u00a0and\u00a0TikTok<\/a>!<\/p>\n