London group tipped to win Waterfront bid
2006-09-20
The preferred bidder of the V&A Waterfront in Cape Town, which is being sold by transport parastatal Transnet, is tipped to be a consortium led by the United Kingdom-based London and Regional Property Group.
It is understood that the property group has put in a bid of more than seven billion rand but this detail could not be confirmed.
Transnet is expected to make a formal announcement about the preferred bidder on Wednesday in Cape Town.
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