Vukile: much expected from strong growth in Spain
Company has a stake in Atlantic Leaf Properties, which owns industrial assets in the UK and has recently bought assets in Spain
Vukile is a diversified property business that has recently expanded abroad. The company has a stake in Atlantic Leaf Properties, which owns industrial assets in the UK and has recently bought assets in Spain. Vukile is administered by Laurence Rapp, who has been at the helm since 2011, and his core management team. Rapp’s latest strategic push was to re-focus Vukile’s portfolio so that it is composed predominantly of retail properties. Even though industrial assets have outperformed retail and office properties over the past 18 months, they remain the most desired asset class. A number of fund managers believe in the long-term story of Vukile. The idea is that it will take a couple of years for the company to build a presence in Spain.
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