Vukile buys shopping centre in Spain for R6bn
The acquisition was funded using proceeds raised from selling stake in property investor Lar España
12 March 2025 - 13:36
Vukile Property Fund has agreed to splash out €305m (R6.1bn) to buy a shopping mall in Spain, bulking up its exposure to one of Europe’s biggest economies with its biggest deal yet.
The real estate investment trust (Reit) is entering a market that is experiencing positive economic growth, with a GDP increase of 3.2% last year. However, growth is expected to moderate to 2.5% in 2025. Inflation remains stable, staying near the 2% target set by the European Central Bank...
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