V&A Waterfront's Silo District honoured with safety awards

This follows after construction work at the V&A Waterfront's Silo District recorded 2.5 million man hours without a loss of time incident.

Phase 2 of the car park redevelopment in the district also took home a regional first place prize and second place national prize, while No 5 Silo came second in the regional safety awards. Rounding up the accolades, the Silo District development was named Safety Company and Safety Team of the Year at this year's awards.

Substantial investment

The final phase of the V&A Waterfront's Silo district is on track for an early 2017 completion at a substantial investment of R1.5bn. This will bring the total investment by V&A Waterfront shareholders, Growthpoint and the Government Employee Pension Fund, managed by the Public Investment Corporation, to over R2.5bn.

Four new developments will introduce over 35,000m² of mixed use, sustainable developments including new corporate offices, a residential development, a Virgin Active Classic Health Club and a mid-range internationally branded hotel, plus 1,050 additional parking bays.

When completed, approximately 2,500 people will work at the Silo District daily. In an economic impact study released earlier this year, the expected nominal contribution to GDP from future developments is R29.9bn.