Growthpoint Funds Cape Winelands Airport Tourism Boost

Growthpoint Properties has announced its first airport investment, backing the development of the Cape Winelands Airport in the Western Cape. This strategic move aims to transform the airport into a major hub, boosting tourism and stimulating economic growth in the region. The investment by Growthpoint, a prominent real estate investment trust, underscores the significance of the project, which is envisioned as the Western Cape’s second international airport, serving both passenger and cargo needs.

Major Investment and Strategic Goals

The Cape Winelands Airport is owned by entrepreneur Rob Hersov, who has invested significantly in its acquisition and initial upgrades. Growthpoint Properties, through its developer ARIS Property Fund, is partnering in the development, signaling a long-term commitment to the project. The overarching goal is to create an alternative international gateway to Cape Town, alleviating pressure on Cape Town International Airport (CTIA), which is located approximately 35km away. The airport is positioned to become a vital part of the region’s infrastructure, supporting the growing demand for air travel and cargo logistics. Its location near Durbanville and a short drive from Stellenbosch positions it as a key access point for the renowned Cape Winelands tourism region.

Developing the Aerotropolis and Infrastructure

The vision for Cape Winelands Airport extends beyond just an aviation facility; it includes the development of a 550ha aerotropolis. This surrounding development will feature commercial and industrial properties, designed to create a thriving economic ecosystem around the airport. The physical infrastructure of the airport is undergoing substantial upgrades and expansion. Plans include a 4,000m long runway, capable of accommodating wide-body aircraft for international flights. A new passenger terminal is planned to span 25,000m², featuring 12 check-in counters, six international security lanes, one domestic security lane, four domestic gates, and two international gates. The comprehensive development is set to create a modern, efficient, and expanded facility to handle increased air traffic.

Economic Impact and Future Outlook

The development of the Cape Winelands Airport is projected to bring substantial economic benefits to the local economy, particularly for Stellenbosch and Durbanville. It is expected to create a significant number of jobs over the next decade. The airport is targeted to launch by late 2027. Even before its full international launch, the airport is already facilitating operations for certain airlines. FlyNamibia recently commenced a direct service between Eros Airport in Windhoek and Cape Winelands Airport. Additionally, Airlink currently operates services to and from OR Tambo International Airport in Johannesburg, indicating its current operational capacity and future potential. The involvement of Growthpoint Properties, known for its extensive property portfolio, highlights the strategic importance and long-term viability seen in this airport and its surrounding aerotropolis development.

Key Points

• R7bn: Projected economic benefit to the local economy of Stellenbosch and Durbanville.
• R100m: Amount spent by Rob Hersov on acquiring and upgrading the airport.
• 10,000: Number of jobs expected to be created over the next decade.
• 2027: Targeted launch year for the airport.
• 35km: Distance from Cape Winelands Airport to Cape Town International Airport.
• 550ha: Size of the planned aerotropolis development.
• 4,000m: Length of the planned runway.
• 25,000m²: Size of the planned new passenger terminal.
• 12: Number of check-in counters in the new terminal.
• 6: Number of international security lanes in the new terminal.
• 1: Number of domestic security lane in the new terminal.
• 4: Number of domestic gates in the new terminal.
• 2: Number of international gates in the new terminal.

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