Sector: Financials
The company is available at Interactive Brokers
Vukile Property Fund Limited (JSE:VKE) is a high quality, low-risk, retail-focused Real Estate Investment Trust (REIT) that owns shopping malls in Spain and South Africa.
Vukile aspires to be a leading international retail REIT generating sustainable growth in earnings and superior returns for its stakeholders through portfolio optimisation, data-driven asset management, active deal making, conservative financial management and the provision of a top-quality experience for tenants and their customers.
Vukile creates value primarily through direct and indirect ownership of immovable property. Value creation depends on various relationships and resources, known as the six capitals - Human Capital, Manufactured Capital, Social Capital, Environmental Capital, Financial Capital, Intellectual Capital. To deliver on the group’s strategy and generate value for all stakeholders, inputs of each type of capital is required. During the capital allocation and decision-making process, consideration is given to the trade-offs between the capitals with the view of maximising the positive outcomes and limiting the negative impacts.
Vukile also holds investments in Castellana Properties and Fairvest Property Holdings (JSE:FVT).
Vukile Property Fund Limited listed on the JSE on 24 June 2004 and on the Namibian Stock Exchange on 11 July 2007 (NSX:VKN).
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Recent unrest in South Africa damaged hundreds of businesses but property developers and retailers say they remain committed to the fast-growing consumer markets of its predominantly Black townships.
2021-07-29JSE:SHP JSE:N91 JSE:RDF JSE:AVI JSE:NY1 JSE:VKE JSE:MSM JSE:MPT JSE:ARH JSE:SFN JSE:ISA
* Stocks defy global rally, dragged lower by property, retail (Updates prices, adds detail, background)
2021-07-13
