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Vukile Property Fund ups dividend on SA performance, international asset acquisitons

The company’s Spanish assets boosted its figures, while local vacancy figures dropped.

South African real estate investment trust, Vukile Property Fund released their annual results on Wednesday. For the twelve months ended March 2019, the company reported dividend growth for their shareholders up 7.5% to 181.48 cents a share.  The company significantly grew its asset base in Spain to a value of around €916-million, compared to €306-million the year before.  The company says its South Africa operations continue to deliver reasonable returns, noting that they were able to up rents by an average of 4.5% in the year under review.

Speaking to Nompu Siziba, Laurence Rapp, the CEO of Vukile Property Fund goes in depth about how the portfolio of properties are performing locally and globally; the recent investment it had made, as well as the launch of an academy that seeks to assist black university students.

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