Vukile Property Fund today announced its inaugural investment in offshore real estate through an active, and growing, strategic investment in Atlantic Leaf Properties.

Vukile Property Fund has secured a 33% R350 million stake in the 50,000sqm Thavhani Mall at Thavhani City in Thohoyandou, Limpopo, after signing a deal with the developers of the new regional shopping centre, Thavhani Property Investments (Pty) Limited. The acquisition will extend Vukile’s retail exposure.

Vukile Property Fund reported 8.1% growth in normalised distributions per share for its full year to 31 March 2015, delivering results just ahead of its initial market guidance of between 7% and 8%.

Vukile Property Fund today announced it has successfully refinanced R580 million of debt in the bond market with a heavily oversubscribed Domestic Medium-Term Notes (DMTN) placement.

Vukile Property Fund raises capital to fund Nonesi Mall and Capital Land Asset Management acquisitions.

Vukile Property Fund and Synergy Income Fund announced that Vukile will acquire Synergy’s external management company, Capital Land Asset Management, in a R106 million transaction.

South Africa's listed property sector was a key driver of performance from South Africa's top unit trusts, and Raging Bull Award recipients, in 2014.

Affirming its prudent and patient approach to deal making, Vukile Property Fund today announced it has successfully gained control of Synergy Property Fund.

SA's listed property sector will be looking at new asset classes and territories to drive out performance, says Laurence Rapp, CEO of Vukile Property Fund.

South African listed property delivered returns of 26.6% for 2014, outperforming all other asset classes for the year. 

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