Absa Capital has successfully placed R462m on behalf of Vukile Property Fund through Vukile Investment Securitisation Ltd.

 

Property loan stock group Vukile announced on Tuesday that its unitholders have approved the company's proposal to acquire nine Sanlam Life Insurance properties for R537.6 million.

Vukile Property Fund has warned that increases in electricity prices and higher municipal rates would push tenants’ costs higher, which is likely to have a negative effect on rental affordability.

Wednesday, 30 June 2010 02:00

Vukile expecting trading improvement

 

Vukile Property Fund Limited expects to see only a slight improvement in its trading environment for the remainder of the 2010 year, despite signs of a recovery in the South African economy.

Monday, 24 May 2010 02:00

Vukile annual distribution up 10.2%

Vukile Property Fund has reported an 11.5% increase to R323.3m in net profit available for distribution for the year ended March 2010.

Vukile Property fund  has said the number of properties it proposes to acquire from Sanlam Group has been reduced from 13 to nine.

Vukile Property Fund was expecting a 'reasonable' increase in distributions for the year to March and that it could even be slightly higher than originally anticipated.

Tuesday, 22 September 2009 02:00

Vukile raises R250m via securitisation

Vukile Property Fund has raised R250m through Vukile Investment Property Securitisation to reduce the cost of funding its commercial property investment.

Vukile Property Fund says its board has in-principle approved the decision to internalise its asset management services.

Since June 2008 listed property loan stock companies have staged a comeback, says Gerhard van Zyl, Chief Executive of Vukile Property Fund which is a member of the Property Loan Stock Association of South Africa

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