Vukile should consider making Spain its home
With the Spanish economy fast rebounding, the property fund should go where the sun does shine
Vukile Property Fund should consider making Spain its main investment destination and selling some SA assets.
CEO Laurence Rapp has said that any offshore investments it makes will be in Spain, but as it stands now, as much as 51% of the company’s assets are still in SA. Given that the Spanish economy is only now rebounding from the global recession of 2008/2009, and many of its malls are enjoying a boost in trade, it makes sense for Vukile to be even more aggressive in the country.