Posted on February 18, 2026
Public consultation is now open on a major redevelopment set to reshape the iconic V&A Waterfront, with officials outlining a multibillion-rand vision that could extend the precinct into the ocean and introduce new public spaces, commercial zones and coastal infrastructure.
The process, launched by Willie Aucamp on 13 February, marks a key legal step toward environmental authorisation for reclaiming nearly four hectares of land near Granger Bay. Public input will inform whether the proposal advances to parliamentary ratification, as highlighted by the Daily Investor.
At the centre of the plan is a R20 billion expansion backed by co-owners Growthpoint and Government Employees Pension Fund, a figure approaching the current precinct’s estimated R23 billion value.
Project planners say the first stage, known as ‘phase zero’, is already under way following municipal approval of expanded development rights.
Marine engineering works will include a 540-metre seawall and two breakwaters stretching into Table Bay, with construction expected to unfold over about three years
If approved, the reclaimed land would host a mix of residential, hotel, leisure and commercial developments, along with public amenities such as tidal pools, walkways, slipways and landscaped promenades, as noted by The South Africa.
Developers note the site will lean on existing transport links, including the MyCiTi bus service, meaning major new road upgrades are not anticipated.
The land project forms part of a broader precinct upgrade. CEO Graham Wood recently revealed the destination drew 25 million visitors in 2025 and generated R11 billion in retail sales, supporting more than 83 000 jobs and contributing over 1.5% to the provincial economy.
Upcoming additions include a luxury retail wing scheduled for 2026, positioned to rival Johannesburg’s Sandton City.
A desalination facility installed earlier this year is already producing roughly 3.3 kilolitres of water daily to support operations.
Plans also feature a new high-end hospitality development and the transformation of the Table Bay Hotel into an InterContinental property.
Nearby, the Oranjezicht City Farm Market has relocated about 200 m to a custom-built site housing more than 100 traders and supporting roughly 3 500 livelihoods.
A residential complex called 5 Dock Road is due for completion in January 2026, with most units already sold, another indicator, developers say, of sustained demand in the area.
