Highlights from Vukile Property Fund’s pre-close update for the 30 September 2023 interim period.The defensive nature of the South African portfolio and tenant mix, the dominance of Vukile’s assets and active asset management activities continue to deliver excellent results.Trading density growth in all main segments, led by township and urban shopping centresRental reversion positive at +2.
Vallsur and El Faro value-add projects are accretive and asset-enhancing. Funds are in place to lift El Faro ownership to 100% As signalled to the market, Vukile continues to seek new opportunities at very attractive yields in Europe in disciplined deals that make both financial and strategic sense. However, there are no transactions currently on the table.Growth in Dividend per share of 7% to 9% “We are pleased to confirm our guidance based on our actual performance to date, with all operating metrics showing trends of sustained growth.