Vukile Property Fund has more than doubled the value of its directly held South African real estate assets over the past three years from R6.1 billion to R15.2 billion currently, with retail properties accounting for over R10.5 billion or 70% of its portfolio.

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.

A sod-turning ceremony marked the official start of construction on the new R1 billion Thavhani Mall at Thavhani City in the bustling Limpopo town of Thohoyandou on Friday, 31 July 2015.

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 Limited had proposed an equity raise of approximately R750 million through the issue of new shares.

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.

Thursday, 05 February 2015 07:46

Sedise Moseneke

Sedise was chief executive of Encha Properties from 2004 up until Vukile's aquisition of a portfolio of government-tenanted properties from Encha in 2013.

Published in Property Leader
Page 6 of 17

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