Vukile Property Fund (JSE: VKE), the leading retail REIT (real estate investment trust), has commenced the strategic upgrade of Daveyton Mall in the Ekurhuleni Metro, Gauteng.

Vukile Property Fund today announced that its listed Spanish subsidiary, Castellana Properties SOCIMI SA, has acquired the high-quality 30,000sqm Puerta Europa shopping centre in Algeciras, Cadiz, Spain.

Vukile Property Fund will appoint respected stalwart of South Africa’s listed property sector, Laurence Cohen, as its new Chief Financial Officer.

Vukile Property Fund today reported 7.5% growth in dividends to 78.1 cents per share for its half-year to 30 September 2018, which is well in line with its full-year guidance.

Vukile Property Fund today reported 7.7% growth in dividends to 168.82 cents per share for the year to 31 March 2018 on the back of higher second-half distribution growth of 7.9%.

Vukile Property Fund has acquired its first shopping centre in Spain, Habaneras Shopping Centre in the popular coastal city of Torrevieja, through its 98.7%-owned Spanish REIT subsidiary Castellana Properties SOCIMI S.A.

In the last decade, SA REITs have proven their ability to operate successfully on the international stage and play in almost any market in the world. But does this make them truly global real estate players?

Vukile Property Fund today confirmed that it has wrapped up the acquisition of a further two retail assets in Spain through its Spanish REIT subsidiary Castellana Properties Socimi.

Vukile Property Fund today reported 7.4% growth in dividends per share for its half-year to 30 September 2017.

Vukile Property Fund announced its trailblazing acquisition of a portfolio of nine high-quality, newly-built retail parks across Spain via its new 98.3% Spanish REIT subsidiary Castellana Properties SOCIMI SA.

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