South African executive Laurence Rapp-led Vukile finalizes $13 million upgrade of Mthatha Mall
Vukile finalizes a $13 million upgrade of Mthatha Mall, adding new retailers and driving a strong recovery in the Eastern Cape.
Skip to content
Vukile finalizes a $13 million upgrade of Mthatha Mall, adding new retailers and driving a strong recovery in the Eastern Cape.
Vukile Property Fund raises $28.4 million through bonds, cutting debt costs and boosting its retail portfolio in South Africa and Iberia.
The strong result was driven by solid performance in its South African retail business and continued expansion in Spain and Portugal.
The upgrade is part of Vukile’s ongoing effort to invest with real purpose, shaping spaces that are built around the people who use them every day.
Vukile Property Fund expands its Iberian retail portfolio with a $72.2 million acquisition of Forum Madeira, strengthening its foothold in Portugal’s tourism sector.
Vukile Property Fund has exceeded $2.5 billion in assets, driven by its Iberian expansion and strong earnings from strategic offshore investments.
The €305 million ($332 million) deal was executed through Castellana Properties, Vukile’s 99.5%-owned Spanish subsidiary.