Vukile Property Fund fulfills Empowerment Transaction conditions and appoints executive director

Vukile overcame a lacklustre operating environment to increase its full year distribution by 5.4% to 131.59 cents per linked unit while at the same time enlarging the size of the portfolio by 26% to R7.7 billion in the 2013 financial year.

While an analyst believes this may not necessarily be the result of recent listed property price declines‚ general price weakness in the sector has made many potential property deals less attractive than before.
 

Private placement 'fatigue' has been partly blamed for the sharp sell-off in property stocks over the past two weeks.

Going forward‚ we will be stripping out non-recurring income‚ less non-recurring expenditure‚ which will be distributed in a special distribution each year.

Vukile Property Fund today reported a 26.7% increase in the profit available for distribution for the full year to 31 March 2013 to R556.4 million

Wednesday, 08 May 2013 21:21

Vukile book heavily oversubscribed

Vukile Property Fund closes its accelerated book build.

Vukile Property Fund is planning to raise R250m through the issue of new linked units for cash.

Vukile Property Fund says it is in talks to acquire Wingspan’s property portfolio‚ either alone or together with a third party.

Sunday, 14 April 2013 16:34

Retail sector transactions in 2012

The total value of retail in 2012 was R7.7 billion a decrease of 14% when compared to R8,9 billion transactional value in 2011.

Page 10 of 17

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