Bullish Vukile’s R700m cap raise to fund Spanish and SA expansion

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‘I think raising capital and doing deals is really intrinsic to the Reit [real estate investment trust] model. It really is part of what Reits are about’ – Laurence Rapp, CEO of JSE-listed Vukile Property Fund.

23 May 2023 English South Africa Investing · Business

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16 Feb 20 min

Dealmaker deluxe: Vukile’s Laurence Rapp sees more deals coming in Spain and SA

The CEO of Vukile Property Fund, which has just sold a string of retail parks in Spain for €279m (around R5.2bn), says the group is now trading at a premium on the JSE – and he forecasts further upside considering its acquisitions pipeline.

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Bullish Vukile’s R700m cap raise to fund Spanish and SA expansion

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