{"id":29741,"date":"2025-03-31T13:33:21","date_gmt":"2025-03-31T13:33:21","guid":{"rendered":"https:\/\/www.premium-partners.net\/?p=29741"},"modified":"2025-03-31T14:04:00","modified_gmt":"2025-03-31T14:04:00","slug":"vukile-property-fund-forecasts-6-dividend-uplift-amid-strong-growth","status":"publish","type":"post","link":"https:\/\/www.premium-partners.net\/fr\/builder\/vukile-property-fund-forecasts-6-dividend-uplift-amid-strong-growth\/","title":{"rendered":"Vukile Property Fund forecasts 6% dividend uplift amid strong growth"},"content":{"rendered":"

This post<\/a> was originally published on this site<\/a><\/p>

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Vukile Property Fund, the specialist retail estate investment trust, has forecast a dividend uplift of at least 6% after a year of strong growth and it is now moving towards a period of integration and value extraction from its assets in South Africa and in the Iberian Peninsula.<\/p>\n

The group, with gross assets in South Africa, Spain, and Portugal now exceeding R50 billion, saw its Spanish-held subsidiary Castellana Properties grow its asset base in Spain and Portugal by nearly 60% over the past year to March 31, 2025.<\/p>\n

The investment in Lar Espana was exited <\/span>at \u20ac82 million profit, while the capital was redeployed to acquire <\/span>the Bonair Shopping Centre in Spain\u2019s Valencia province.<\/p>\n

Adding a new engine of growth, Vukile entered Portugal with four retail acquisitions, and a fifth deal was well advanced and already funded, the group said in a pre-close statement on Monday.<\/p>\n

In the previous financial year, <\/span>Vukile <\/span>had increased its total dividends by 10.5% to 124.2 cents.  It previously guided dividend growth of 4% to 6% for the 2025 financial year.<\/span><\/p>\n

\u201cVukile remains open to opportunities, but will prioritise deepening value within its current footprint; for the time being, we don\u2019t expect to raise capital,\u201d CEO Laurence Rapp said in a statement.<\/p>\n

All in all, the Iberian portfolio grew around 60% over the 12 months, cementing Vukile\u2019s dominant position across two of Europe\u2019s strongest economies \u2212 Spain and Portugal. Approximately two-thirds of Vukile\u2019s assets and 60% of earnings are now offshore.<\/p>\n

In South Africa, Vukile acquired a 50% stake in Mall of Mthatha (formerly BT Ngebs) in May 2024, where early turnaround performance exceeded expectations. The mall\u2019s vacancy rate has decreased dramatically to just 1.8% from 18%. Its South Africa portfolio includes Pine Crest Centre, East Rand Mall, Bloemfontein Plaza and Phoenix Plaza.<\/p>\n

\u201cWith a well-hedged balance sheet, minimal near-term debt expiries of just 2% maturing in the 2026 financial year, and strong liquidity, Vukile is closing the 2025 financial year in an exceptionally positive position,\u201d said Rapp.<\/p>\n

Vukile\u2019s share price was unchanged at R17.36 on the JSE on Monday afternoon, a price that was 16.1% higher than the R14.93 it traded at a year before.<\/p>\n

BUSINESS REPORT<\/strong><\/p>","protected":false},"excerpt":{"rendered":"

Vukile Property Fund, the specialist retail estate investment trust, has forecast a dividend uplift of at least 6% after a year of strong growth and it is now moving towards a period of integration and value extraction from its assets in South Africa and in the Iberian Peninsula.The group, with gross assets in South Africa, Spain, and Portugal now exceeding R50 billion, saw its Spanish-held subsidiary Castellana Properties grow its asset base in Spain and Portugal by nearly 60% over the past year to March 31, 2025.The investment in Lar Espana was exited\u00a0at \u20ac82 million profit, while the capital was redeployed to acquire\u00a0the Bonair Shopping Centre in Spain\u2019s Valencia province.Adding a new engine of growth, Vukile entered Portugal with four retail acquisitions, and a fifth deal was well advanced and already funded, the group said in a pre-close statement on Monday.In the previous financial year, Vukile had increased its total dividends by 10.5% to 124.2 cents. \u00a0It previously guided dividend growth of 4% to 6% for the 2025 financial year.\u201cVukile remains open to opportunities, but will prioritise deepening value within its current footprint; for the time being, we don\u2019t expect to raise capital,\u201d CEO Laurence Rapp said in a statement.All in all, the Iberian portfolio grew around 60% over the 12 months, cementing Vukile\u2019s dominant position across two of Europe\u2019s strongest economies \u2212 Spain and Portugal. Approximately two-thirds of Vukile\u2019s assets and 60% of earnings are now offshore.In South Africa, Vukile acquired a 50% stake in Mall of Mthatha (formerly BT Ngebs) in May 2024, where early turnaround performance exceeded expectations. The mall\u2019s vacancy rate has decreased dramatically to just 1.8% from 18%. Its South Africa portfolio includes Pine Crest Centre, East Rand Mall, Bloemfontein Plaza and Phoenix Plaza.\u201cWith a well-hedged balance sheet, minimal near-term debt expiries of just 2% maturing in the 2026 financial year, and strong liquidity, Vukile is closing the 2025 financial year in an exceptionally positive position,\u201d said Rapp.Vukile\u2019s share price was unchanged at R17.36 on the JSE on Monday afternoon, a price that was 16.1% higher than the R14.93 it traded at a year before.BUSINESS REPORT<\/p>","protected":false},"author":1,"featured_media":29743,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-29741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-builder"],"_links":{"self":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/29741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/comments?post=29741"}],"version-history":[{"count":1,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/29741\/revisions"}],"predecessor-version":[{"id":29742,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/29741\/revisions\/29742"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/media\/29743"}],"wp:attachment":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/media?parent=29741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/categories?post=29741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/tags?post=29741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}