Vukile Property Fund's CEO Laurence Rapp says the company has rebased its portfolio and that it will match the listed property sector's performance in the near future.

Complete overhaul of Vukile's Randburg Square Mall translates into top quality mix of tenants.

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

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

High volatility in SA's listed property sector over the past year has largely been blamed on rising bond yields, which conventional wisdom says is bad for property returns. 

Thursday, 05 September 2013 14:48

Vukile Property Fund taking cautious approach

Vukile is 'poised nicely', although the fund is maintaining a cautious approach as the listed property sector finds its feet, says CEO Laurence Rapp.

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.

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

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