Lake Properties
Green Point Stadium: How It Was Established and What Its Future Holds
Green Point Stadium has long been one of Cape Town’s defining landmarks. Its story is not just about sport — it is tied to how the city modernised, redeveloped critical land, and built one of South Africa’s most visited urban precincts. For anyone looking to buy or invest in Green Point or the Atlantic Seaboard, understanding the stadium’s evolution gives sharp insight into the area’s value and trajectory.
From 1897 to the Early 2000s: A Sporting Ground with Deep Roots
The original Green Point Stadium opened in 1897 and was a multi-purpose community sports hub. Its cycle track, athletics track, and open stands hosted everything from local athletics events to football, cricket, and major concerts. Over more than a century, it shaped Cape Town’s sporting culture and served as a gathering point for major public events.
By the early 2000s, the stadium was aging. With Cape Town preparing to host the 2010 FIFA World Cup, the decision was made to demolish the original structure and rebuild a modern, globally compliant stadium capable of hosting world-class events.
The 2010 Transformation: A New Landmark Emerges
Demolition began in 2007, making way for what is now Cape Town Stadium, located within the broader Green Point Common. The project was part of a major precinct-wide redevelopment that introduced:
- A 55 000-seat modern stadium
- A redesigned public urban park
- Upgraded pathways, landscaping, and recreation zones
- Improved connectivity to the city centre and the V&A Waterfront
Importantly, a dedicated Green Point Athletics Stadium was later built to replace the athletics functions of the original site. This ensured that both elite sport and community use remained integral to the area.
Today: A Dual-Purpose Precinct Serving Both Sport and Community
The stadium precinct now comprises two key elements:
1. Cape Town Stadium (DHL Stadium)
Used for professional football, rugby, large-scale concerts, and global events. It is also a strategic city asset designed to attract continuous visitor activity, not only match-day crowds.
2. Green Point Athletics Stadium
A multi-use athletic facility hosting clubs, schools, and regional sporting events. It remains vital for community sport and youth development.
Surrounding both is the Green Point Urban Park, a highly valued public green space that increases livability, attracts tourists, and adds premium appeal to nearby residential properties.
The Future: Upgrades, Urban Growth, and Bigger Opportunities
Green Point’s stadium precinct continues to evolve, with several key developments shaping its future:
World-Class Athletics Upgrade
The athletics stadium is undergoing resurfacing to meet World Athletics Class 2 certification, which will allow Cape Town to host high-tier local and international meets.
Mixed-Use Urban Development
New commercial and residential projects around the precinct aim to create a lively district with more year-round activity and improved lifestyle amenities.
Long-Term City Strategy
Cape Town views the stadium and surrounding park as a strategic, revenue-driving asset. This ensures ongoing maintenance, consistent upgrades, and sustainable use — all factors that support property value stability in the area.
What This Means for Property Buyers and Investors
Green Point’s combination of urban greenery, world-class infrastructure, connectivity, and modern precinct design makes it one of Cape Town’s highest-demand residential nodes. The stadium precinct enhances:
- Walkability
- Recreational access
- Tourism appeal
- Long-term urban value
These elements collectively reinforce property demand and price performance.
Lake Properties Pro-Tip
Properties surrounding major, well-managed urban precincts tend to outperform the broader market. Green Point’s stadium and park upgrades aren’t just improving amenities — they are protecting long-term real estate value and enhancing rental appeal. If you are considering property along the Atlantic Seaboard, this precinct should be on your shortlist.
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Russell
Lake Properties
ww.lakeproperties.co.za
info@lakeproperties.co.za
083 624 7129
