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.

THE South African listed property sector has seen a number of new listings over the past 18 months with historically low interest rates creating a conducive environment for new property vehicles.

After several years of strong price growth in the listed property sector, most property pundits believe we can expect slower — albeit solid — growth this year from listed property stocks. Nevertheless there are still major opportunities for investors who want an investment that offers a steady income stream.

Vukile Property Fund has concluded an agreement with Encha Properties to acquire a portfolio of five investment-grade, predominantly national government-tenanted properties from Encha for an approximate R1.4 billion

Vukile is pleased to announce that the Offering was significantly oversubscribed and 20 525 000 new linked units were placed with qualifying institutional investors at a price of R16.70 per linked unit for gross proceeds of R342.8 million.

Vukile announces the launch of an offering of up to 20 525 000 new linked units, representing 4.99% of the total number of linked units in issue

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