Vukile reports increased demand for retail space
Vacancies are low due to space take-up and rents are growing
29 November 2023 - 09:50
UPDATED 29 November 2023 - 16:00
Vukile Property Fund says its SA and Spanish portfolios continue to experience high demand for retail space, resulting in reduced vacancies and rising rentals.
Its SA portfolio recorded like-for-like annualised net operating income growth of 5.1%, with vacancies at 2%. Rental reversions improved to 2.4% from a negative 2.4%, with annualised trading densities increasing 3.5%...
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