Property portfolio has reached R4.35-billion

The PLSA summarises the latest transactions in the sector

The three companies are Gensec Property Services, Hermans and Roman Property Solutions and Kuper Legh Property Management

Property loan stock Vukile made its debut on the Namibian Stock Exchange on Wednesday - with the code VKL - as part of its strategy to expand its property portfolio in that country.

Speaking at a ceremony to mark the occasion, chairman Anton Botha said the dual listing was a demonstration of Vukile's confidence in the prospects for the Namibian economy in general and its commercial property sector in particular.

Vukile states that economic growth could mean double-digit growth in rentals in SA's office sector

Punters shouldn't expect much in the way of short-term share price growth. Analysts say Vukile is starting to look expensive relative to its peers, with its share price already up 50% over the past eight months

The decrease in distribution growth is due to MICC selling off properties worth about R200m

The development of a R59 million shopping centre, co-owned by SA Retail Properties Ltd and Vukile Property Fund, is nearing completion on a site in Kings Road, Pinetown. “Pine Walk Centre extends the SA Retail-Vukile partnership in Pinetown,” says Peter Sparks, managing director of SA Retail. “It is opposite Pine Crest Shopping Centre, which is co-owned by the two funds.”

A group of black investors including Transport Minister Jeff Radebe's wife Bridgette and new entrants, has bought a 25% stake in Sanlam's property loan stock company, Vukile Property Fund, for R439 million.

Vukile Property Fund has made a firm offer to acquire the remaining 25% stake in MICC Property Income Fund that it does not already own.