VKE - Vukile - Vukile to acquire Giyani Plaza in Limpopo
VKE
VKE
VKE - Vukile - Vukile to acquire Giyani Plaza in Limpopo
Vukile Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number 2002/027194/06)
JSE Share code: VKE ISIN: ZAE000056370
NSX Share code: VKN
("Vukile")
VUKILE TO ACQUIRE GIYANI PLAZA IN LIMPOPO
Johannesburg, 11 April 2011 - Property loan stock company Vukile is to acquire
the Giyani Plaza retail centre in Limpopo from Sanlam Life Insurance for R68.25
million subject to the fulfilment of certain suspensive conditions.
Giyani Plaza is situated in Giyani, Limpopo and has a total lettable area of 9
443mSquared. Vukile CEO Gerhard van Zyl said, given its location, the
acquisition was in line with the company`s strategy of investing in properties
with strong contractual cash flows in selected rural areas. The acquisition
yield is 10.64%.
The purchase price will be settled in cash on or before 31 July 2011. Should
the property be transferred after this date, the purchase price will increase by
an amount equal to 0.67% compounded for every month after 31 July 2011 until the
transfer date.
For further information contact 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
website: www.vukileprops.co.za
JSE sponsor: One Capital
NSX sponsor: IJG Securities (Proprietary) Limited
Date: 11/04/2011 15:46:01 Produced by the JSE SENS Department.
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