VKE - Vukile Property Fund - Vukile expands proper
VKE
VKE
VKE - Vukile Property Fund - Vukile expands property portfolio, delists MICC
VUKILE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/027194/06)
Share code: VKE & ISIN: ZAE000056370
VUKILE EXPANDS PROPERTY PORTFOLIO, DELISTS MICC
Johannesburg, 3 April 2007 - Property loan stock company Vukile has acquired an
office complex in West Street in Houghton, Johannesburg, for a total capital
outlay of R33.9 million, from African Life Assurance, subject to the usual
regulatory approvals.
Vukile chief executive Gerhard van Zyl said the 4 369 mSquared A-grade complex
was well-located, fully let to good tenants, had longer-term upside potential,
and accordingly met all the company`s investment criteria. The acquisition
yield is approximately 9.2%.
Vukile also announced today that it has completed the compulsory acquisition of
all the remaining linked units in MICC Property Income Fund which it does not
already own. MICC`s listing on the Johannesburg and Namibian stock exchanges
has consequently been terminated with effect from today.
For further information call
Gerhard van Zyl, CEO Vukile Property Fund Limited on (011) 288 1002
Issued by du Plessis Associates on behalf of Vukile Property Fund Limited.
dPA contact Helen McKane Tel : +27 11 728 4701, Fax: +27 11 728 2547, Mobile:
082 330 2034 or e-mail: vukile@dpapr.com
www.vukileprops.co.za
Date: 03/04/2007 14:59:01 Produced by the JSE SENS Department.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
