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  • EVENTS CALENDAR 2018
    • July 2018

      Financial report and notice of AGM posted by

    • August 2018

      AGM

    • 30 September 2018

      Interim results year end

    • 31 March 2019

      Financial year end

    • Vukile delivers a 7.5% increase in dividends in line with guidance

      Vukile increased its dividends by 7.5% in line with guidance to 78.10 cents per share. The Groups net profit available for distribution amounted to R713.5 million for the six months to 30 September 2018 (September 2017: R578.5 million), which represents an increase of 23.3% over the comparable period.”

    • Castellana gathering significant momentum in Spain
      • Investment properties increased to c.€900 million from €308 million following the acquisition of 5 dominant shopping centres
      • Castellana* listed on the junior board in Madrid on 25 July 2018
      • Positive benefits of diversification with a solid pipeline of opportunities
      • 11 retail parks acquired in June 2017 now fully let post yield enhancing asset management initiatives
      • Organic growth in the value of investment properties of 8.8% relative to the acquisition price
      • Full strength, experienced team now in place

    • Solid operating performance and strong capital market support in Southern Africa
      • Like to like net income growth of 5.1%
      • Retail reversions still positive at +4.3% in difficult trading conditions
      • Retail vacancies maintained at 3.4% with 87% tenant retention
      • Portfolio rent to sales ratio remains ahead of industry averages
      • Gearing at 38% with 94% of debt hedged
      • Corporate long-term credit rating upgraded to A+(ZA)
      • Raised R1.6 billion new equity in over-subscribed book-build in July 2018
      • Raised R825 million in DMTN programme
    • Vukile Summarised AFS and AGM 2018.

      Notice is hereby given that the 14th annual general meeting (AGM) of the shareholders of Vukile will be held in the main boardroom, One-on- Ninth, Corner Glenhove Road and Ninth Street, Melrose Estate, 2196, at 09:00 on Tuesday, 14 August 2018 for the purposes of:

      • Considering and adopting the directors' report, the annual financial statements and the reports of the audit and risk committee and the social, ethics and human resources committee for the year ended 31 March 2018;
      • Transacting any other business as may be transacted at an AGM of shareholders of a company; and

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  • Top 15 Retail Centre's: El Faro (Spain)

    El Faro Shopping Centre is located Badajoz, in the east of Spain, less than 5 km from the Portugal border. 
    The centre is 66 422m² of which 43 423m² was acquired, comprising 110 tenants. El Faro is anchored by Hipercor and El Corte Ingles, both of which are owner occupied.  The centre is dominant in its catchment area and attracts shoppers from both Badajoz and surrounding towns and Portuguese towns across the border.

    Value # €161.5m (9.1% of direct property portfolio)
    Region Extremadura
    Gross Lettable area 43 423m2
    Monthly Rental * €17/m2
    National Tenant exposure 94%
    Vacancy 2.4%

    # % of total portfolio in brackets
    * Average base rental excluding recoveries

  • East Rand Mall
  • Top 15 Retail Centres: Bahía Sur (Spain)
    Shopping Centre

    Bahia Sur Shopping Centre is located in San Fernando, Bahia de Cadiz, adjacent to San Fernando train station, accessible from Madrid (4hrs).  The centre is 56 500m² of which 24 760m² was acquired, comprising 117 tenants. The centre is dominant in its catchment area due to its strategic location close to public transport and integrated with other public facilities.

    Value # €119.5m (6.7% of direct property portfolio)
    Region Andalucia
    Gross Lettable area 24 760m2
    Monthly Rental * €25/m2
    National Tenant exposure 90%
    Vacancy 1.9%

    # % of total portfolio in brackets
    * Average base rental excluding recoveries

  • Pinetown Pine Crest
  • Top 15 Retail Centres: Los Arcos (Spain)

    Los Arcos Shopping Centre is located in eastern side of Seville, Andalusia. Seville is the 4th largest city in Spain and a major tourist hub (3.5 million visitors annually). The centre is 43 500m² of which 17 906m² was acquired, comprising 97 tenants. Los Arcos benefits from its strategic inner city location in Seville.

    Value # €114.3m (6.4% of direct property portfolio)
    Region Andalucia
    Gross Lettable area 17 906m2
    Monthly Rental * €32/m2
    National Tenant exposure 92%
    Vacancy 5.7%

    # % of total portfolio in brackets
    * Average base rental excluding recoveries

  • Durban Phoenix Plaza
  • Top 15 Retail Centres: Vallsur (Spain)

    Vallsur Shopping Centre is located in the centre of Valladolid. Valladolid is the capital of the Castilla Leon region and is accessible by high speed train from Madrid (1 hour). The centre is 35 769m² in total, of which 35 211m² was acquired. The centre caters to the inner city of Valladolid and presents opportunities to reposition tenant mix with more leisure, food and beverage offerings.

    Value # €96.4m (5.4% of direct property portfolio)
    Region Castilla Leon
    Gross Lettable area 35 211m2
    Monthly Rental * €15/m2
    National Tenant exposure 95%
    Vacancy 2.9%

    # % of total portfolio in brackets
    * Average base rental excluding recoveries

  • Soweto Dobsonville Shopping Centre
  • Top 15 Retail Centres: Habaneras (Spain)

    Castellana finalised the acquisition of Habaneras Shopping Centre, located in Torrevieja, Alicante, Spain, in May 2018. The centre is a 24,158m² open-air shopping centre comprising of 70 tenants. Habaneras sits within greater 60,000m² retail node anchored by Carrefour, Lidl and IMF cinemas.

    Value # €85.2m (4.8% of direct property portfolio)
    Region Com. Valenciana
    Gross Lettable area 24 158m2
    Monthly Rental * €18/m2
    National Tenant exposure 94%
    Vacancy 4.2%

    # % of total portfolio in brackets
    * Average base rental excluding recoveries

  • Gugulethu Square
  • Top 15 Retail Centres: Boksburg East Rand Mall (RSA)

    „OR Tambo international airport is a key gateway in the area and as such East Rand Mall has a very well supported road and transport system. Convenient access from major highways and ample parking make shopping a pleasure. The centre’s well-planned tenant combination includes all major chain stores and a host of smaller, specialised stores.

    Voted most popular centre in the region, the East Rand Mall brand is well established and top of mind in the region.

    Value # R1 397m (Vukile 50% holding; 4.8% of direct property portfolio)
    Region Gauteng
    Gross Lettable area 68 128m2
    Monthly Rental * R268/m2
    National Tenant exposure 89%
    Vacancy 0.4%

    # % of total portfolio in brackets
    * Average base rental excluding recoveries

  • East Rand Mall
  • Top 15 Retail Centres: Centro Comercial Alameda (Spain)

    Value # €59.8m (3.4% of direct property portfolio)
    Region Andalucia
    Gross Lettable area 27 913m2
    Monthly Rental * €11/m2
    National Tenant exposure 86%
    Vacancy 2.2%

    # % of total portfolio in brackets
    * Average base rental excluding recoveries

  • Moruleng Mall
  • Top 15 Retail Centres: Durban Phoenix Plaza (RSA)

    „Phoenix Plaza was built in 1993 and is situated north of Durban in the beautiful diverse province of Kwazulu-Natal.

    Phoenix Plaza offers a unique shopping experience with a wide variety of eastern, western and specialty stores, presenting itself as a one-stop shopping destination. The centre is in the process of being upgraded.

    Value # R926m (3.2% of direct property portfolio)
    Region KwaZulu-Natal
    Gross Lettable area 24 351m2
    Monthly Rental * R266/m2
    National Tenant exposure 78%
    Vacancy 0.9%

    # % of total portfolio in brackets
    * Average base rental excluding recoveries

  • Durban Phoenix Plaza
  • Top 15 Retail Centres: Pinetown Pine Crest (RSA)

    „Pine Crest Centre was established in 1988 and has served shoppers from the business, industrial and community sectors for over 27 years. The primary catchment area for Pine Crest Centre stretches from Kwadabeka in the north to Kwadengezi in the south, and from Cowies hill in the east to Kloof in the west.

    The centre’s strong tenancy in financial services, cellular, food and fashion makes it the most dominant centre in Pinetown.

    The centre is highly visible, and a convenient one-stop retail destination with ample parking.

    Value # R897m (3.1% of direct property portfolio)
    Region KwaZulu-Natal
    Gross Lettable area 40 086m2
    Monthly Rental * R168/m2
    National Tenant exposure 94%
    Vacancy 7.2%

    # % of total portfolio in brackets
    * Average base rental excluding recoveries

  • Pinetown Pine Crest
  • Top 15 Retail Centres: Parque Oeste de Alcorcón (Spain)

     

    Value # €52.7m (3% of direct property portfolio)
    Region Madrid
    Gross Lettable area 13 604m2
    Monthly Rental * €16/m2
    National Tenant exposure 100%
    Vacancy Fully Let

    # % of total portfolio in brackets
    * Average base rental excluding recoveries

  • Rangburg Square
  • Top 15 Retail Centres: Kinépolis Retail Park and Leisure Centre (Spain)

     

    Value # €48.2m (2.7% of direct property portfolio)
    Region Andalucia
    Gross Lettable area 25 928m2
    Monthly Rental * €9/m2
    National Tenant exposure 86%
    Vacancy 2.5%

    # % of total portfolio in brackets
    * Average base rental excluding recoveries

  • Rangburg Square
  • Top 15 Retail Centres: Gugulethu Square (RSA)

    „Gugulethu square was established in 2009, in partnership between west side trading and esteemed businessman, Mzoli Ngcawuzele. The centre was the first step towards establishment of a Gugulethu central business district, which accelerated the township’s integration into the formal economy.

    „The centre’s architecture includes energy-efficient finishes, extensive natural lighting, eco-friendly materials, efficient use of space with roof parking, efficient artificial lighting and air-conditioning. Landscaping integrates the centre into the surrounding environment.

    Value # R572m (2% of direct property portfolio)
    Region Western Cape
    Gross Lettable area 25 322m2
    Monthly Rental * R156/m2
    National Tenant exposure 89%
    Vacancy 0.4%

    # % of total portfolio in brackets
    * Average base rental excluding recoveries

  • Soweto Dobsonville Shopping Centre
  • Top 15 Retail Centres: Soweto Dobsonville Mall (RSA)

    Dobsonville Shopping Centre was the first shopping centre in Soweto, and started trading in 1994, with Shoprite as anchor tenant. The centre brought much needed services and is well accepted by the community. With over 73 stores and a taxi rank for easy access, the centre has retained its significant association with the community. Following the redevelopment and extension of the centre, it is now suitably geared to fully service the next generation of shoppers in the north-west of Soweto.

    Value # R556m (1.9% of direct property portfolio)
    Region Gauteng
    Gross Lettable area 26 628m2
    Monthly Rental * R136/m2
    National Tenant exposure 82%
    Vacancy Fully Let

    # % of total portfolio in brackets
    * Average base rental excluding recoveries

  • Gugulethu Square
  • Top 15 Retail Centres: Parque Principado (Spain)

     

    Value # €32.8m (1.8% of direct property portfolio)
    Region Asturias
    Gross Lettable area 16 396m2
    Monthly Rental * €10/m2
    National Tenant exposure 100%
    Vacancy Fully Let

    # % of total portfolio in brackets
    * Average base rental excluding recoveries

  • Rangburg Square
  • Top 15 Retail Centres: Queenstown Nonesi Mall (RSA)

    „Queenstown in the eastern cape was founded in 1853. Nonesi mall is a u-shaped, single-level centre with open parking and strong anchor tenants.

    As a c. 28 000m² premier shopping destination, the centre accommodates thousands of customers on a day-to-day basis, with an offering of approximately 80 shops.

    When the mall opened in October 2012, it boosted employment by providing job opportunities for locals.

    Value # R478m (1.6% of direct property portfolio)
    Region Eastern Cape
    Gross Lettable area 27 898m2
    Monthly Rental * R122/m2
    National Tenant exposure 97%
    Vacancy Fully Let

    # % of total portfolio in brackets
    * Average base rental excluding recoveries

  • Nonesi Mall