Property Loan Stock company Vukile said it expects conditions in the property market, particularly the industrial and commercial sectors, to remain buoyant through 2008 as low vacancies and a shortage of new developments increase rental rates

The board has approved an interim distribution of 40.25 cents per linked unit

Property portfolio has reached R4.35-billion

Vukile expands its Namibian portfolio through the acquisition of BPI House in Windhoek

Vukile acquires an office complex in West Street in Houghton, Johannesburg, for a total capital outlay of 33.9 million rand from African Life Assurance

The decrease in distribution growth is due to MICC selling off properties worth about R200m

More tap into bond market.

Vukile is confident that it will produce real earnings growth as forecast in June when it published results for the 2004/05 financial year

The Vukile Property Fund lists on the JSE in June 2004. In its maiden annual results attributable profit to the end of March 2005 is R233-million, and the final distribution is 31.5 cents per linked unit. With Vukile chief executive Gerhard Van Zyl

Listed property loan stock company Vukile Property Fund pleased the market yesterday, reporting maiden year-end results that beat its prospectus forecast.