Growthpoint Properties, the co-owner of the V&A Waterfront, said on Wednesday the iconic Cape Town tourist spot continued to boom in its six months to end-December, when it nevertheless felt pressure from higher interest rates.
SA's biggest landlord reported on Wednesday that distributable earnings fell about 9.3% to R2.4 billion to end-December, while on a per-share basis it fell 8.6%. But vacancies fell across much of its SA portfolio and even saw improvements for troubled office assets.