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Vukile’s flagship Spanish shopping centre, the El Faro centre in Badajoz. Picture: SUPPLIED
Vukile’s flagship Spanish shopping centre, the El Faro centre in Badajoz. Picture: SUPPLIED

Vukile Property Fund is betting on the Spanish property market.

Its subsidiary, Castellana Properties Socimi, has acquired a 21.7% stake in its market peer, Lar España Real Estate Socimi, for about R1.7bn.

Business Day TV discussed the rationale behind the acquisition with Vukile Property Fund CEO Laurence Rapp.​

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