Vukile delivers 7.8% half-year distribution growth for investors.

South African listed property once again ranked high among the country's companies earning the most for shareholders.

Vukile increases its strategic stake in Synergy, and will offer to acquire Synergy's full capital in issue 

Collapse of yet another proposed multibillion rand merger in the R300bn listed property sector raises renewed questions on whether consolidation is necessarily in shareholders' best interests.

Vukile Property Fund today announced it had withdrawn from acquisition discussions with Synergy Income Fund. 

Laurence Rapp has been appointed Chairman of the SA REIT Association, which is tasked with representing the South African listed REIT sector, one of the most active and innovative sectors on the JSE.

Synergy Income Fund's A and B units have been among the listed property index's top performers since the beginning of the year, with both having risen nearly 20%.

Most of SA's listed property funds convert to real estate investment trusts, moving them in line with global tax practice and putting them on the global map.

Vukile Property Fund's CEO Laurence Rapp says the company has rebased its portfolio and that it will match the listed property sector's performance in the near future.

Complete overhaul of Vukile's Randburg Square Mall translates into top quality mix of tenants.