Vukile Property Fund has further demonstrated its commitment to maintaining and enhancing the value of its portfolio by investing R2.9 million in the refurbishment of its East London flagship property, Sanlam Business Park, a fully tenanted, upmarket, four-level building situated in Vincent, East London.

The Department of Public Works has launched a civil action case against well-known Johannesburg landlord Sayed Hoosen Mia and two former department employees in a bid to recoup the proceedings of an R8 million scam.

Rebosis, the first black-managed and black-held property fund, which made its debut on the JSE on Tuesday, is expected to offer investors an initial 8,6% forward yield with forecast growth in distributions of 12% next year.

Auction Alliance will take a prominent, high visibility, Pretoria-North retail and office building to auction in December.

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