Vukile Property Fund has delivered 7.5% growth in annual dividends.
The property company said the results reflect the significant benefit of its growing international diversification and value-adding asset management in Spain.
Vukile CEO Laurence Rapp said that the past 12 months had been Vukile’s strongest and most transformative year, as the company is now a high-quality low-risk retail real estate investment trust (Reit), with just under half of its R28.7bn direct property investments in Spain.
Business Day TV caught up with Rapp to discuss the group’s results and strategy.
Vukile CEO Laurence Rapp talks to Business Day TV about the group’s full-year results
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