Investec successfully advised Vukile on R2.65 billion (€140M) capital raise amid strong demand
About the deal
Investec Bank is proud to have assisted Vukile Property Fund Limited in successfully raising R2.65 billion through an accelerated bookbuild. Due to strong institutional demand, Vukile elected to increase the size of the equity raise to 10% of it’s existing share capital.
About Vukile Property Fund Limited
Vukile Property Fund Limited (“Vukile”) is a high-quality, low-risk, specialist retail real estate investment trust (REIT) with a geographically diversified portfolio of property assets valued at c. R54 billion: 34% consist of urban, commuter, township and rural malls across South Africa, while 66% are held in Spain and Portugal through the Madrid-listed subsidiary Castellana Properties Socimi.
Vukile was listed on the Johannesburg Stock Exchange on 24 June 2004 and on the Namibian Stock Exchange on 11 July 2007.
Our role
Investec’s extensive connectivity and high-touch approach were instrumental in the successful completion of this capital raise which will assist Vukile with strengthening its property pipeline in South Africa and Iberia.
