Vukile reports increased demand for retail space
Vacancies are low due to space take-up and rents are growing
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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