The Reit in Spain nurtures growth
Vukile’s share price is up about 200% from its pandemic-induced 2020 lows
If you don’t own shares in Vukile Property Fund, there are plenty of compelling reasons why you should.
For starters, Vukile’s portfolio is increasingly skewed towards hard currency assets. Its R37bn real estate portfolio is split roughly 42/58 between a rand- and a euro-based income stream. The Reit’s offshore interests are based entirely in Spain through its 99.5%-held Madrid-listed subsidiary Castellana Properties. Interestingly, Vukile is the only JSE-listed real estate investment trust (Reit) that offers investors sizeable access to the Iberian market...
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