Wednesday, 08 May 2013 21:21

Vukile book heavily oversubscribed

Vukile Property Fund closes its accelerated book build.

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

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.

Wednesday, 20 March 2013 12:37

Office space under pressure in year ahead

Property pundits agree that office property will remain the problematic sector in the next 12 to 18 months with dominant retail centres likely to be the best performers.

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

After two years of significant listing activity within the South African property sector, industry pundits expect another eventful year in terms of corporate activity among the new listings.

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

Vukile Property Fund today reported a 5% increase in its distribution for the six months ended 30 September 2012 to 57.03 cents per linked unit, driven by a solid performance by its property portfolio.

Monday, 26 November 2012 08:23

Vukile to Acquire 50% of East Rand Mall

Vukile Property Fund announced it is to acquire a 50% share in the East Rand Mall in Gauteng for a consideration of R1.115 billion

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