Vukile Property Fund

East Rand Mall has defied retail norms for over three decades. But as the mall’s shoppers have evolved, East Rand Mall has too. On 1 October it welcomed Checkers FreshX, the centre’s first grocery anchor. This milestone highlights Vukile’s commitment, together with East Rand Mall co-owner Redefine Properties, to continually meet the evolving needs of the centre’s loyal community. Since 2013, we’ve invested in major upgrades: - Modernising the retail centre’s aesthetic - Improving public transport -Introducing eco-friendly solar power -Tenant mix refinements Changes and upgrades that have been based on data-driven decision-making. Our goal? To ensure this 69,000sqm retail centre remains a leader, consistently serving our customers and adapting to the ever-changing landscape of the industry. For the full press release, visit our website : http://bit.ly/48IIRTj #RetailInnovation #VukilePropertyFund #CheckersFreshX #BuildingCommunities #GrowingValue #SustainableRetail

What an amazing experience! Our first People Summit has officially wrapped up, and we couldn’t be more thrilled with the outcome. A huge thank you to all who made this event possible: ✨Suppliers & Partners – Your support and commitment ensured everything ran seamlessly. From logistics to technology, we couldn't have done it without you! ✨Speakers & Panelists – Your expertise, insights, and inspiring talks have left a lasting impact on all who attended. We’re so grateful for your contributions. ✨Attendees – Your engagement, enthusiasm, and shared passion made this event truly special. Thank you for taking the time to be a part of this incredible community. We are already excited about what’s next and can’t wait to continue building on the connections and knowledge shared. Stay tuned for some insights and highlights from the event! #ThankYou #Gratitude #Networking #ConferenceSuccess #Teamwork #Community #Learning #VukilePeopleSummit2024

Vukile Property Fund proudly congratulates Itumeleng Mothibeli, our Managing Director for Southern Africa, on his appointment as the new President of the SAPOA (South African Property Owners Association)(SAPOA). As a leader deeply committed to the property sector and South Africa’s future, Itu is passionate about driving meaningful change. "The commercial property sector has the potential to change lives through bricks and mortar. We create jobs, trading environments, and impact communities. I am honoured to contribute to sustainable solutions for South Africa’s property industry and its stakeholders" Itumeleng Mothibeli. Join us in celebrating his incredible achievement! Together, we’ll continue to create growth in our communities and drive value for all our stakeholders.

Vukile continues its Iberian charge while banking a significant profit of over R1.5 billion for shareholders with Lar España disposal. Vukile Property Fund confirmed its intention to accept an improved cash offer for its 28.8% stake in Lar España Real Estate following careful evaluation of its options. Vukile's investment in Lar España, held through its 99.5%-owned Spanish subsidiary, Castellana Properties, has realised significant value for Vukile shareholders.   The consortium involving Hines European Real Estate Partners III and Grupo Lar Inversiones Inmobiliarias, Lar España’s asset manager, has increased the offer from EUR8.10 per Lar España share to EUR8.30 per share for all shareholders following its negotiations with Vukile.   The disposal will allow Vukile, via Castellana, to achieve an internal rate of return of approximately 45% p.a. since January 2022 in ZAR terms. This represents an investment return of almost three-times in under three years from the initial Lar España investment.   Read more in the press release here: https://bit.ly/3TPHkov

We’re excited to announce that our Spanish subsidiary, Castellana Properties, has signed a five year €254 million financing agreement with Aareal Bank A.G.. The milestone funding agreement has successfully refinanced the loan associated with the El Faro, Bahía Sur, Los Arcos, and Vallsur assets, and will continue financing active asset management and repositioning projects across various assets - thereby increasing the portfolio value. Read more in the press release here: https://lnkd.in/d4965Sxu

How does Vukile use data to attract over 220 million shopper visits annually? By harnessing advanced analytics, we shape thriving retail environments. Our forward-thinking approach drives sustainable growth that benefits all our stakeholders - across South Africa, Spain and now Portugal. By building communities and growing value, we’re setting the standard in retail property. #VukilePropertyFund #DataDriven #DataInsights #Innovation #RetailProperty

Vukile is excited to announce its expansion into Portugal with a EUR 176 million investment in three prime shopping centres, further growing its Iberian footprint. This acquisition aligns with our strategy and will deliver a strong cash-on-cash yield of 10% in Euros. Laurence Rapp, CEO of Vukile, commented, “We have clearly signalled our confidence in the Iberian Peninsula and the good opportunities it holds. We are thrilled to capitalise on this opportunity in Portugal, extending and complementing the strong platform that Castellana has already established in Spain.” The portfolio includes two shopping centres in Lisbon—RioSul and Loures—and 8a Avenida in Porto, all with dominant market positions, great locations, and strong consumer bases. These assets enhance our Iberian portfolio, which will now represent 64% of Vukile’s total assets, with over half of our property net operating income denominated in Euros. Rapp adds, “Building on our successes in Spain, Castellana's robust and proven on-the-ground management capability makes this expansion a natural progression.” Vukile remains committed to its strategy in South Africa, Spain, and Portugal, continuing to pursue opportunities that are strategically aligned and financially rewarding. #Expansion #RealEstate #IberianInvestment #Portugal #REITs

"Don’t ask what the world needs. Ask what makes you come alive, and go do it. Because what the world needs is people who have come alive" Howard Thurman This powerful message resonated deeply at our recent high tea, sponsored by Vukile in partnership with the SAPOA (South African Property Owners Association) Association (SAPOA) and Women's Property Network (WPN). Themed "A Purpose Driven Life", the event was a celebration of empowerment, showcasing the incredible potential within each of us to lead transformative lives. During Women’s Month, we also hosted impactful Women Empowerment workshops across our retail centres in South Africa. These are just one part of Vukile’s broader commitment to community upliftment, which also includes our Internship Programme and Retailer Development Programme at the Vukile Academy. Join us as we continue to inspire and build inclusive communities, driven by the belief that what truly transforms the world is the awakening of our own purpose. #Empowerment #WomenInProperty #VukileImpact

Is South Africa’s listed property market on the road to recovery? Market indicators would suggest so. With a 30% surge in share prices from late 2023 to mid-2024, listed property has been the top-performing asset class for two years running. What’s driving this momentum? Strong fundamentals across retail, office, and industrial sectors, coupled with strategic institutional investments like those from the PIC. Despite past hurdles, including COVID-19 and high interest rates, the sector remains resilient. With attractive yields and improving economic conditions, the future looks promising. Could this be the comeback story of the decade? Independent property analyst Keillen Ndlovu unpacks this in Today’s Trustee: https://lnkd.in/gn_hw9NM

This Women's Month, Vukile is proud to partner with Action Breaks Silence, an NGO dedicated to ending violence against women and girls. Together, we've been hosting empowerment sessions across our retail centres, offering over 900 women a transformative journey of self-discovery and resilience. By supporting this initiative, Vukile continues its commitment to fostering vibrant, safe, and engaged communities. Empowering women isn’t just a part of our strategy—it’s essential to transforming the commercial property sector and creating lasting impact in the communities we serve. As the founder of Action Breaks Silence, Debi Steven, says, “Every woman has the right to live her life free from fear of sexual and gender-based violence.”