Vukile’s flagship Spanish shopping centre, the 43,423m² El Faro centre in Badajoz, Spain. Picture: SUPPLIED ."The proceeds of the capital raise are to be deployed to fund asset management opportunities within the portfolio held via Vukile's Spanish subsidiary, Castellana Properties Socimi," it said.
Vukile said the book-build was open with immediate effect. It could close it at any time and increase the size of the equity raise"subject to demand". Vukile is on track to build a portfolio valued at €1.5bn in Spain, after which time it plans to separately list that business. The group’s property portfolio in the European country is valued at more than €900m.
It first invested in Spain in July 2017, when it bought a portfolio of nine newly built retail parks via its 98.3% holding in Castellana Properties Socimi for €193m.
Property Property Latest News, Property Property Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Accelerate Property Fund bemoans rising costs of businessRising municipal costs, which have been growing at 10% a year, coupled with a tough retail environment, are making business tough for Accelerate Property Fund . Is this entire article written by AI? It has more mistakes than the NEC!?!?
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »
Source: News24 - 🏆 4. / 80 Read more »