Cliffe Dekker Hofmeyr business law firm acted for PIC Real Estate Asset Managers on the acquisition of the iconic V&A Waterfront in Cape Town. Cliffe Dekker Hofmeyr CEO, Brent Williams was lead advisor and Cape Managing Partner, Gasant Orrie, also advised on this multi-billion rand property deal.

“This is the largest commercial property transaction in Africa to-date and we are extremely proud to have acted for PIC in this regard. We are also thrilled that this famous country landmark will once again be owned by South Africans.” said Williams.

PIC Real Estate Asset Managers acquired the Victoria and Alfred Waterfront from in a strategic investment conducted alongside Growthpoint Properties. The multi-billion rand property was successfully purchased from British-based London and Regional Properties and Dubai World for approx. R9,7bn, making the PIC/Growthpoint consortium owners of one of Cape Town’s best known tourism features .

For more information:
Brent Williams, CEO, Cliffe Dekker Hofmeyr,
Tel: +27 (0)11 562 1167 or email: brent.williams@dlacdh.com

Gasant Orrie, Managing Partner, Cape, Director, Corporate and Commercial, , Cliffe Dekker Hofmeyr.
T +27 (0)21 405 6044 or email E gasant.orrie@dlacdh.com

Andrea Collocott, Head: Marketing, Cliffe Dekker Hofmeyr,
Tel: +27 (0)11 562 1281 or email: andrea.collocott@dlacdh.com <mailto:andrea.collocott@dlacdh.com>

About Cliffe Dekker Hofmeyr

· Cliffe Dekker Hofmeyr is one of the largest business law firms in South Africa with some 115 directors/partners and some 250 qualified lawyers located at offices in Johannesburg and Cape Town.

· Cliffe Dekker Hofmeyr lawyers specialise in services covering the complete spectrum of business legal needs in 11 core areas of practice. The firm also has dedicated sector-led teams consisting of lawyers with experience in a wide range of industries and the public sector.

· Cliffe Dekker Hofmeyr is the South African member firm of DLA Piper Group, an alliance of legal practices, which includes firms with offices around the globe that are affiliated to members of the DLA Piper Practice but are not themselves members of it.

· DLA Piper’s Africa practice in conjunction with Group firms in South Africa (Cliffe Dekker Hofmeyr), Egypt, Zambia, Tanzania, Kenya and Ghana, as well as relationship firms and Africa specialists in many other countries across Africa, is unrivalled in terms of geographical coverage.

· DLA Piper is a global law firm with 4,200 lawyers located in 30 countries and 70 offices throughout Asia Pacific, Europe, the Middle East and the US.

· DLA Piper is positioned to help companies with their legal needs anywhere in the world.

· For further information, please visit www.cliffedekkerhofmeyr.com