Vunani Property Investment Fund CEO Rob Kane says acquisition opportunities are returning to the listed property sector.

The Fund will offer a total of 48 503 939 new linked units ("rights offer units") to unitholders at a subscription price of 987.33 cents per rights offer unit 

Vunani Property Investment Fund (VPIF), the only JSE listed property fund to offer investors significant exposure to commercial offices, today announced the amended terms of its rights offer to raise up to R455 million.

Property loan stock company Vunani Property Investment Fund has benefited from "tight" management, a stable portfolio, and yield-enhancing acquisitions, according to CEO Rob Kane.

Vunani Property Investment Fund (VPF) expects its distribution per linked unit to be 75c-77c in the year to June‚ from 64.51c in the previous comparative period.

Vunani Property Investment Fund (VPIF) received substantial approval from linked unit holders to raise up to R760 million by way of a rights offer to grow its portfolio.

Vunani Property Investment Fund, the only JSE listed property fund to offer investors significant exposure to commercial offices, reported excellent interim financial results for the six months ended 31 December 2012.

A view of Cape Town’s CBD skyline will show at least ten towering cranes at work on various new developments. In spite of a sluggish global economy, business confidence is higher than ever with an estimated over R3 billion currently being invested in Cape Town’s CBD through these developments

Vunani Property Investment Fund has approved the acquisition of the Foretrust Building in Cape Town as a going concern from Redefine Properties for an amount of R249.5m.

With yet another bricks-and-mortar portfolio Vunani Property Investment Fund made its debut on the JSE, the fourth new property listing since November.