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

Vukile is pleased to announce that the Offering was significantly oversubscribed and 20 525 000 new linked units were placed with qualifying institutional investors at a price of R16.70 per linked unit for gross proceeds of R342.8 million.

Vukile announces the launch of an offering of up to 20 525 000 new linked units, representing 4.99% of the total number of linked units in issue

Vukile Property Fund today reported a 5% increase in its distribution for the six months ended 30 September 2012 to 57.03 cents per linked unit, driven by a solid performance by its property portfolio.

Monday, 26 November 2012 08:23

Vukile to Acquire 50% of East Rand Mall

Vukile Property Fund announced it is to acquire a 50% share in the East Rand Mall in Gauteng for a consideration of R1.115 billion

Property loan stock company Vukile Property Fund is planning to acquire a 50% share in the East Rand Mall in Gauteng for R1.115bn, in line with its strategy of aggressively growing its portfolio with a special emphasis on the retail sector.

Redefine Properties today reported distribution growth of 7.2% on a like-for-like recurring income basis, meeting its forecast to investors for the year ended 31 August 2012. The total return to unitholders was 30% for the year.

Unitholders are advised that, at the annual general meeting of the company convened on Friday, 31 August 2012, all of the ordinary and special resolutions were passed by the requisite majority of Vukile shareholders

Vukile is committed to remaining a diversified fund but with a special emphasis on the retail sector. 

Property loan stock company Vukile reports a 6.3% increase in the profit available for distribution for the full year to 31 March 2012 to R439.1 million. According to leading analyst Leon Allison of Macquarie, adjusting for the manco fee and the once-off lease payment received in 2H12, estimated like-for-like growth of around 5% occurred.

Page 11 of 17

Please publish modules in offcanvas position.