Growthpoint Joins Cape Winelands Airport as Development Partner for Major New Aviation Hub
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Cape Winelands Airport has received an initial investment from Growthpoint Properties, giving it the right to co-invest and develop the new airport precinct.
Under the agreement, Growthpoint will assume long-term property and asset management responsibilities, including the logistics, commercial and hospitality components. This excludes the terminal buildings.
Growthpoint will also oversee the development’s main contractor to ensure institutional standards, including transparent governance, financial discipline and integration of positive environmental and social impacts.
Cape Winelands Airport will lead aviation strategy and master planning of the airport.
Construction of the airport could begin in early 2026, pending approval of the Environmental Impact Assessment. Construction will take place in phases, starting with runway and safety infrastructure, followed by the terminal, cargo and industrial precincts.
Completion is targeted for 2028 with capacity for more than five million passengers annually by 2050.
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