Property loan stock company Vukile Property Fund is planning to acquire a 50% share in the East Rand Mall in Gauteng for R1.115bn, in line with its strategy of aggressively growing its portfolio with a special emphasis on the retail sector.

Vukile is committed to remaining a diversified fund but with a special emphasis on the retail sector. 

Property loan stock company Vukile reports a 6.3% increase in the profit available for distribution for the full year to 31 March 2012 to R439.1 million. According to leading analyst Leon Allison of Macquarie, adjusting for the manco fee and the once-off lease payment received in 2H12, estimated like-for-like growth of around 5% occurred.

Friday, 24 February 2012 02:00

Appetite for Joburg CBD commercial

Two landmark buildings in the CBD, previously owned by Vukile LTD, were snapped up by a 'anonymous' private investor for R67.6 million on auction

Tuesday, 22 November 2011 02:00

Vukile looks to grow the fund 'aggressively'

Looking forward, Vukile (VKE) plans to grow more aggressively by focussing on retail and improving the quality of their office portfolio, according to Laurence Rapp, CEO of Vukile Property Fund.

Vukile has reported a 7.5% increase in its interim distribution to 54.31c per linked unit and said it plans to grow the fund more aggressively.

Tuesday, 15 November 2011 02:00

Vukile acquires R1.5bn property portfolio

Property loan stock company Vukile Property Fund says it is to acquire a portfolio of 20 properties, worth nearly R1.5bn, from Sanlam Life Insurance.

Wednesday, 01 December 2004 02:00

Vukile and Apexhi in bid for MICC

The competition between two listed rival property groups Vukile Property Fund (VKE) and Apexhi properties to get a lion's share of listed property group MICC Property Income Fund (MCP), (APE) remains tight and far from over.

Tuesday, 26 October 2004 02:00

Vukile moves step closer to MICC prize

Rival ApexHi not about to give up yet.

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