Vukile Property Fund Limited

Vukile Property Fund Limited, the leading specialist retail real estate investment trust (REIT). Through its 99.5% held Spanish subsidiary Castellana Properties, has acquired the largest shopping centre in Spain Valencia province, the iconic Bonaire Shopping Centre, from multinational retail REIT Unibail-Rodamco-Westfield.

The purchase consideration of EUR 305 million represents an attractive entry yield of approximately 7%. Vukile Property Fund Limited was formed in 2002 and is based in South Africa.