The development of a R59 million shopping centre, co-owned by SA Retail Properties Ltd and Vukile Property Fund, is nearing completion on a site in Kings Road, Pinetown. “Pine Walk Centre extends the SA Retail-Vukile partnership in Pinetown,” says Peter Sparks, managing director of SA Retail. “It is opposite Pine Crest Shopping Centre, which is co-owned by the two funds.”

Wednesday, 01 February 2006 02:00

Black players take 25% of Sanlam property arm

A group of black investors including Transport Minister Jeff Radebe's wife Bridgette and new entrants, has bought a 25% stake in Sanlam's property loan stock company, Vukile Property Fund, for R439 million.

Vukile Property Fund has made a firm offer to acquire the remaining 25% stake in MICC Property Income Fund that it does not already own.

Thursday, 13 October 2005 02:00

Rise in JSE property listings

The South African listed property sector is arguably the fastest-growing sector on the JSE, with about six new property funds having listed on the main board of the exchange in the past two years.

Thursday, 15 September 2005 02:00

Growthpoint deal preserves value

Listed property loan stock heavyweight Growthpoint, which is the largest property company on the JSE, has managed to conclude a significant empowerment deal with no dilution to existing unit-holders.

Monday, 12 September 2005 02:00

Vukile upbeat on earnings growth

Vukile is confident that it will produce real earnings growth as forecast in June when it published results for the 2004/05 financial year

Wednesday, 27 July 2005 02:00

Premium tops property chart

Listed property loan stock company Premium Properties was the top performing listed property stock in terms of total return for the six months to June this year, according to Catalyst Securities’ July report on the sector.

Friday, 15 July 2005 02:00

New value centre will boost Pinetown

Brisk trading at Sanlam Centre has triggered a R50 million value centre development in Kings Road, Pinetown.  The adjacent shopping centres, on opposite sides of Kings Road, will have combined projected retail sales of more than R3 billion a year making them the fifth biggest shopping node in Durban.

Tuesday, 14 June 2005 02:00

Vukile R233-million maiden profit

The Vukile Property Fund lists on the JSE in June 2004. In its maiden annual results attributable profit to the end of March 2005 is R233-million, and the final distribution is 31.5 cents per linked unit. With Vukile chief executive Gerhard Van Zyl

Listed property loan stock company Vukile Property Fund pleased the market yesterday, reporting maiden year-end results that beat its prospectus forecast.

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