The Royal Portfolio Announces the Silo - Press Release

V&A Waterfront, Cape Town (11 June 2015) — The Royal Portfolio has announced the latest addition to its portfolio of 5 star hotels that includes Royal Malewane, Birkenhead House, La Residence and a collection of Private Residences. 

The Silo hotel is being built in the grain elevator portion of the historic Grain Silo Complex above what will become the Zeitz Museum of Contemporary Art Africa (MOCAA). 
Situated directly above the museum, the hotel occupies a very special location in the heart of Cape Town. The Silo will have 28 keys, including a spectacular penthouse. There will be a spa, gym, bar and restaurant, as well as a rooftop swimming pool and champagne bar with panoramic views of Table Mountain and the Atlantic Ocean. The hotel is set to welcome its first guests in late 2016. 

Since first opening Royal Malewane in 2000, the vision of the Biden family has been to give guests a complete experience and a perfect stay.     

A building of extraordinary imagination. The Silo hotel will be located above Zeitz MOCAA in the Grain Silo Complex.

The opening of the new hotel will enable The Royal Portfolio to offer guests their unique hospitality across a portfolio of quintessentially South African experiences including a Big 5 safari in the Greater Kruger National Park, wine tasting in the Cape Winelands, the coastal experience in Hermanus and now the natural wonder, art and culture of Cape Town. 

David Green, CEO of the V&A Waterfront said,"We have no doubt that The Royal Portfolio will bring to this hotel their impeccably high standards and offer its guests an exclusive experience quite unlike any other."

In 2013, La Residence was voted the No 1 Hotel In The World in the Condé Naste Traveler Readers' Choice Awards and in 2011, Royal Malewane was voted No 3 in the Travel + Leisure World's Best Hotels awards.

The architect for the reimagining of the Grain Silo Complex, which combines both the museum and the hotel above it, is renowned industrial designer Thomas Heatherwick of Heatherwick Studio, London. Speaking on the design, he commented that from the outside, the greatest visible change to the grain silo's monumental structure will be the addition of pillowed glazing panels, inserted into the existing geometry of the upper floors, which will bulge outward as if gently inflated. By night, this will transform the building into a glowing lantern or beacon in the harbour.     

A building of extraordinary imagination. The Silo hotel will be located above Zeitz MOCAA in the Grain Silo Complex.

Liz Biden, the owner of The Royal Portfolio acclaimed for her exceptional interior design, explained that, "We have always wanted to open a hotel in our home city of Cape Town. The Silo is an exciting and ambitious project which we believe will perfectly complement our existing properties and rank among the very best hotels in the world. The building is modern and industrial so the design will reflect that with the addition of softer, more colourful touches." 
 
 ABOUT THE ROYAL PORTFOLIO

The Royal Portfolio is a collection of iconic hotels and private residences in South Africa owned and run by the Biden family. The Royal Portfolio includes Royal Malewane in the Greater Kruger National Park, Birkenhead House in Hermanus, La Residence in Franschhoek and a collection of Private Residences which includes The One Above penthouse. www.theroyalportfolio.com 

ABOUT ZEITZ MOCAA
The R500-million redevelopment of the historic Grain Silo Complex, announced in November 2013 as a partnership between the V&A Waterfront and Jochen Zeitz will retain and honour the historic fabric and soul of the building while transforming the interior into a unique, cutting-edge space to house the Zeitz Museum of Contemporary Art Africa (Zeitz MOCAA). Considered the most extensive and representative collection of contemporary art from Africa, the Zeitz Collection has been gifted as the founding collection to this non-profit institution by ex-Puma CEO and Chairman, Jochen Zeitz. The collection will be showcased in 9,500m2 of custom-designed space spread over nine floors, of which 6,000 m2 will be dedicated exhibition space. 

Heatherwick Studio, based in London, is recognised internationally for projects including the UK Pavilion at the 2010 Shanghai World Expo, The London 2012 Olympic Cauldron, the New Bus for London and the redevelopment of Pacific Place, a 640,000m2 complex in the centre of Hong Kong

ABOUT THE V&A WATERFRONT
 The V&A Waterfront is a 123-hectare mixed-use destination, and one of Africa's most visited cultural and historical hubs. Set on the edge of a natural, historic working harbour with the iconic Table Mountain as its backdrop, it offers local and international visitors a cosmopolitan mix of experiences ranging from leisure, shopping and exclusive entertainment. It also offers prime residential and commercial property. The prime positioning of the V&A Waterfront boasts sweeping views of the ocean, city bowl and mountain peaks. Up to 100 000 people visit every day during peak season. 

Contributing R259.1 billion in nominal terms to the South African economy over the last twelve years, the V&A Waterfront's cumulative contribution to the provincial GGP since 2002 was over R227 billion. The property also reported a 19% increase in retail trade sales for 2014, marking four consecutive years of consistent growth since 2011. 

Total visitor numbers have grown to 24 million a year by 2014 (at year end). Although the V&A Waterfront remains South Africa's favourite tourist attraction for international tourists they account for only 23% of all visitors. Visits by locals increased to 63%, while 14% of visitors were from upcountry. 

With 22 official landmarks on-site, it is also part of South Africa's historical legacy. Jointly owned by Growthpoint Properties Limited and the Government Employees Pension Fund (GEPF), represented by the Public Investment Corporation Limited (PIC), the V&A Waterfront was developed in 1988 by the state-owned transport corporation, Transnet Limited, while official commercial trading commenced in November 1990.