NEW CAPE WINELANDS AIRPORT TO CREATE 100 000 JOBS

Milestone for Western Cape's economy

- GENEVIEVE SERRA

THE Cape Winelands Airport, projected to open in 2028 and boost the economy by R8bn has secured a landmark partnership with Growthpoint Properties, jointly they are set to deliver the province's next-generation aviation, hospitality and industrial hub.

Growthpoint Properties, which co-owns the V&A Waterfront and holds group property assets to the value of R155.8 billion across retail, office and logistics properties, made a significant investment announcement yesterday.

This privately-owned airport, located on the former Fisantekraal airfield, aims to enhance the region's logistics, trade, and tourism infrastructure. Construction of the airport could begin early next year, pending Environmental Impact Assessment (EIA) approvals.

The development begin with the runway and safety infrastructure, followed by the terminal, cargo and industrial precincts. The airport is targeted for commissioning by 2028 with capacity for more than 5 million passengers annually by 2050.

Growthpoint said its initial investment marks a significant step in a long-term partnership for the design, development, delivery, and management of properties within the Cape Winelands Airport precinct.