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Vukile is a property fund which was listed on the JSE Limited on 24 June 2004 (JSE code: VKE) and on the Namibian Stock Exchange on 11 July 2007 (NSX code: VKN). Its listing was promoted by Sanlam, which contributed a significant share of Vukile’s start-up portfolio and at present still holds a 23% interest in the company.
Vukile’s market capitalisation was approximately R2.7 billion at 31 March 2009 and its property portfolio was valued at R4.5 billion. There are 295 550 877 Vukile units in issue.
Our objectives are:
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to acquire properties with strong contractual cash flows
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to achieve long-term sustainability of property income
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to achieve meaningful capital appreciation of linked units
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to achieve steady growth in the income distributions to Vukile linked unitholders
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