Property loan stock company Vukile Property Fund said yesterday it was looking at expanding its retail offering to underserved rural areas and previously disadvantaged areas across the country

Vukile Property Fund said that it believed the terms and conditions of the Giyani Plaza acquisition were fair to its linked unitholders.

Vukile Property Fund is to acquire the Giyani Plaza retail centre in Limpopo from Sanlam Life Insurance for R68.25m.

Vukile Property Fund announced on Friday that it has notified Sanlam Life Insurance about its interest to acquire certain properties from Sanlam valued at approximately R500 million.

Vukile Property Fund has announced that its distributions for the 6 months ended September 2010 increased by 7.5% to 50.525c from 47c a year ago.

Vukile Property Fund announced on Monday that its distributions for the six months ended September 2010 increased by 7.5% to 50.525 cents from 47 cents a year ago.

Property loan stock company Vukile Property Fund and property unit trust Emira Property Fund have delivered fairly stable and consistent returns to their shareholders, but the two trade at similar ratings and at a discount to the market due to a perception that they have lower quality assets.

Absa Capital has successfully placed R462m on behalf of Vukile Property Fund through Vukile Investment Securitisation Ltd.

Property loan stock group Vukile announced on Tuesday that its unitholders have approved the company's proposal to acquire nine Sanlam Life Insurance properties for R537.6 million.

Vukile Property Fund has warned that increases in electricity prices and higher municipal rates would push tenants’ costs higher, which is likely to have a negative effect on rental affordability.