Refurbishments and upgrades enhance property values, reduce vacancies

2014 has confirmed that the listed property sector is moving from a cycle of new listings, into one of consolidation.

Synergy Income Fund today announced half year distribution growth of 5% for its A linked unitholders and 11.3% for its B linked unitholders for the six-month interim period to 31 December 2013.

Vukile Property Fund has further demonstrated its commitment to maintaining and enhancing the value of its portfolio by investing R2.9 million in the refurbishment of its East London flagship property, Sanlam Business Park, a fully tenanted, upmarket, four-level building situated in Vincent, East London.

South Africa's listed property sector is set to undergo consolidation in 2014.

Linked unit holders are referred to the announcements released on SENS on 15 November 2013 and 29 November 2013. 

Opened in May this year, the 19 239 square metre Hammarsale Junction retail centre in Mpumalanga New Town Centre in Hammarsdale, KwaZuluNatal is trading successfully and is 98 percent let.

Vukile acquires a 34% stake in Synergy from Liberty Group Limited.

Vukile Property Fund Announces distribution reinvestment price and confirmation of finalisation information.

Vukile says it has restructured itself with the aim of significantly increasing returns from 2015.