Growthpoint Properties Powers Cape Winelands Airport Precinct Vision, Setting a New Benchmark for Aviation, Logistics, and Inclusive Economic Growth in South Africa

Growthpoint Properties, South Africa’s leading Real Estate Investment Trust (REIT), has announced a strategic investment in the Cape Winelands Airport precinct, setting the stage for a transformative development that combines aviation, logistics, commercial, and hospitality infrastructure. The project represents a landmark opportunity to drive regional economic growth while advancing sustainable development in the Western Cape.

The Cape Winelands Airport will be built on the site of the former Fisantekraal airfield, with plans to create an integrated precinct that supports aviation operations, commerce, tourism, and logistics. Growthpoint, which manages assets exceeding R155 billion across retail, office, and logistics sectors and co-owns the V&A Waterfront in Cape Town, brings extensive experience in developing large-scale, mixed-use precincts with a focus on tourism and economic inclusion.

As part of the partnership, Growthpoint will oversee property and asset management across the precinct’s 450-hectare commercial, hospitality, and logistics areas. The company also holds the right of first refusal to co-invest in future developments. In addition, Growthpoint will supervise contractors to ensure adherence to best practices in governance, financial management, sustainability, and social impact.

Driving Regional Economic Transformation

The development of Cape Winelands Airport is set to establish a world-class aviation hub that strengthens trade, tourism, and regional connectivity. By integrating commercial, logistics, and hospitality elements, the precinct is designed to create a commercially viable and socially inclusive development that meets growing demand for aviation services while supporting broader economic growth.

Strategic infrastructure developments of this scale are recognized for their ability to stimulate local economies. Properly executed projects create employment opportunities, foster entrepreneurship, and enhance the quality of life in surrounding communities. The Cape Winelands Airport precinct is intended not only as a transport hub but also as a catalyst for long-term regional development and investment.

Economic Impact and Employment Opportunities

The airport precinct is projected to generate approximately 35,000 direct and indirect jobs during its initial phases, with potential to support over 100,000 jobs across the first two decades of operation. Initial investment in the project is estimated at R8 billion, covering the construction of runways, terminal buildings, and the surrounding 450-hectare developable estate.

Growthpoint’s involvement aligns with its strategy of investing in high-performing property sectors, including modern logistics, commercial precincts, and tourism-led developments in Cape Town. Sustainability is central to the project, which will incorporate renewable energy, water recycling systems, and other environmentally responsible solutions. The precinct is guided by a strong environmental, social, and governance (ESG) framework to ensure responsible and lasting outcomes.

A Model for Sustainable and Inclusive Development

The Cape Winelands Airport precinct is designed to deliver more than aviation infrastructure. Its integrated approach focuses on inclusive economic growth, enterprise development, and sustainable design. The project is envisioned as a long-term platform for creating economic, social, and environmental value in the Western Cape, serving as a blueprint for future precinct developments in South Africa.

Phased Construction and Timeline

Pending environmental approvals, construction is expected to begin in early 2026. Initial phases will prioritize runway and safety infrastructure, followed by terminal facilities, cargo areas, and industrial precincts. The airport aims to open by 2028, with capacity for over five million passengers annually by 2050. The full precinct will be rolled out over more than two decades to accommodate evolving regional growth and infrastructure needs.

Strengthening Western Cape’s Aviation and Investment Landscape

Once operational, Cape Winelands Airport will function as a second major aviation gateway for the Western Cape, easing congestion at existing airports, lowering operational costs and emissions, and enhancing tourism and trade opportunities. The precinct is expected to attract business, hospitality, and investment activities, supporting Cape Town’s northward expansion and providing the infrastructure needed for sustainable city growth.

The airport precinct will also serve as a strategic investment corridor along the Cape Winelands region, attracting commercial developments and private investment. With institutional backing and professional management, the project is positioned as a long-term driver of innovation, economic progress, and sustainable investment in the province.

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