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Vukile in talks to buy Wingspan property portfolio

Posted On Monday, 29 April 2013 06:35 Published by Commercial Property News
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Vukile Property Fund says it is in talks to acquire Wingspan’s property portfolio‚ either alone or together with a third party.

Laurence Rapp VukileVukile Property Fund (VKE) said on Friday it was in talks to acquire Wingspan’s property portfolio‚ either alone or together with a third party.

The acquisition‚ if completed‚ will be subject to the fulfillment of conditions‚ including competition authority approval.

Wingspan’s property portfolio comprises five regional shopping centres.

Vukile cautioned that the potential deal might have material impact on its share price.

Last modified on Monday, 20 May 2013 10:45

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