Private placement 'fatigue' has been partly blamed for the sharp sell-off in property stocks over the past two weeks.
Going forward‚ we will be stripping out non-recurring income‚ less non-recurring expenditure‚ which will be distributed in a special distribution each year.
Vukile Property Fund today reported a 26.7% increase in the profit available for distribution for the full year to 31 March 2013 to R556.4 million
Vukile Property Fund says it is in talks to acquire Wingspan’s property portfolio‚ either alone or together with a third party.
THE South African listed property sector has seen a number of new listings over the past 18 months with historically low interest rates creating a conducive environment for new property vehicles.
Property pundits agree that office property will remain the problematic sector in the next 12 to 18 months with dominant retail centres likely to be the best performers.
After several years of strong price growth in the listed property sector, most property pundits believe we can expect slower — albeit solid — growth this year from listed property stocks. Nevertheless there are still major opportunities for investors who want an investment that offers a steady income stream.
Vukile Property Fund has concluded an agreement with Encha Properties to acquire a portfolio of five investment-grade, predominantly national government-tenanted properties from Encha for an approximate R1.4 billion
After two years of significant listing activity within the South African property sector, industry pundits expect another eventful year in terms of corporate activity among the new listings.

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