Business is continuing as usual, the V&A Waterfront said on Friday in a statement.

This followed reports that one of the centre's owners Dubai World had requested a delay in its debt repayments.

"This has no impact on the day to day running of the V&A Waterfront and business is continuing as usual," the statement said.

Dubai World Africa holds 37.5 percent of shares in the V&A Waterfront, with the remainder being held by London and Regional (37.5 percent) and a BEE consortium (25 percent).

"The shareholding of the V&A Waterfront is one of many of Dubai World Africa's assets and is a profitable and valuable one," the statement said.

"Although development plans have slowed down due to the global economic crisis, the V&A Waterfront is continuing with a number of planned developments in the lead-up to the FIFA World Cup, which are designed to leave a lasting legacy for Capetonians," the statement said.

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