Vukile Property Fund welcomes slowdown in mall construction
The company grew its dividend 3.5% in the six months to end-September, with its SA portfolio continuing to show defensive qualities
Vukile Property Fund, SA’s eighth-largest real estate investment trust, says its local malls are benefiting from a slowdown of new retail developments in the country as they face less competition for strong tenants.
CEO Laurence Rapp said established centres such as those Vukile owned were benefiting from loyal customer bases. ..