Vukile eyes M&A with SA retail vacancies at a record low
Property group is looking at existing shopping centres of 20,000m² or more but doesn’t see demand for new developments
09 June 2022 - 09:31
Vukile Property Fund, which owns malls in SA and Spain, says increasing competition for space driven by national retailers has prompted it to consider acquisitions for the first time in two years.
CEO Laurence Rapp said the company was encouraged by a recovery in retail sales and footfall to pre-pandemic levels, which saw the group increasing the total payout for its 2022 financial year by more than 6% to just over R1bn...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.