Motion without Notice by Honourable Freddie Adams on V&A Waterfront bought back by South Africa

16 February 2011

Chairperson, I hereby move without notice:

That the Council-

Notes that the Victoria and Alfred, V&A, Waterfront has since been bought by Growthpoint Properties and the Public Investment Corporation, PIC, from United Kingdom, UK-based London and Regional Properties and Dubai World;

Acknowledges that the R9,7 billion deal will give state employees and pensioners a direct stake in the V&A Waterfront; and

Takes this opportunity to congratulate all those involved in the procurement of this symbolic economic jewel back to South Africa.