Vukile Property Fund reports 7% rise in H1

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JSE-listed Vukile Property Fund recorded 7% growth in distributions per share for its half year to 30 September 2015.

The property group contained its vacancies at 4.7% of gross lettable area with its retail vacancies unchanged at 3.4%. The company says it has a healthy acquisition pipeline planned for selected properties.

Vukile is an internally managed diversified but retail property focused Real Estate Investment Trust (Reit). Its total asset base is valued at R15.9bn, which includes R359m of listed securities in Fairvest and R350m in Atlantic Leaf Properties.

Joining SA Commercial Prop News for more on the numbers is Vukile Property Fund CEO, Laurence Rapp.

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