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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...

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