• 25 June 2016

      Financial report and notice of AGM posted by

    • 26 August 2016


    • 30 September 2016

      Interim period end

    • 31 March 2017

      Financial year end


    Vukile Property Fund Limited is a property company, 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).

    Vukile’s market capitalisation was approximately R11.0 billion at 31 March 2015 and its property portfolio was valued at R13.3 billion at year-end. There were 572 747 744 shares in issue at year-end.

    On 1 April 2013, Vukile became the first property company to be awarded Real Estate Investment Trust (REIT) status by the JSE Limited. More about Vukile...

  • Associate companies


  • 29 November 2016

    Reinvestment circular

  • Top 10 Retail Centres: Boksburg East Rand Mall

    This prized retail asset adds a new dimension to our portfolio, boosting its quality and complementing our lower-income centres. It is one of the most popular shopping centres in Gauteng, and an established regional mall in a bustling key retail node.
    The 69 082m2 centre features 87% national retailers which caters for a wide range of customers at various income levels. The centre is currently nearing the completion of its most recent upgrade which will include the introduction of H & M and new exciting stores.

    Value # R 1 258m 50% share (8.5%)
    Region Gauteng
    Gross Lettable area 69 082m2
    Monthly Rental * R 248/m2
    National Tenant exposure 87%
    Average annual trading density 28,090

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

  • East Rand Mall
  • Top 10 Retail Centres: Durban Phoenix Plaza

    Phoenix Plaza owned by Vukile Property Fund is a shopping centre situated north of Durban in the beautifully diverse province of Kwa-Zulu Natal. The centre is home to more than 105 independent and national retailers with Shoprite as its anchor tenant caters for the locals of the Phoenix and surrounding communities. The shopping centre was built in the year 1993.

    Value # R 761m (5.1%)
    Region KwaZulu-Natal
    Gross Lettable area 24 363m2
    Monthly Rental * R234/m2
    National Tenant exposure 80%
    Average annual trading density 36,595

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

  • Durban Phoenix Plaza
  • Top 10 Retail Centres: Gugulethu Square

    The centre consists of three separate buildings; the north mall with a Superspar anchor; the south mall with a Cashbuild and line shops; and the main mall, with a Shoprite anchor, a formal taxi rank and a further 1,000m2 of unutilised bulk.

    The Centre is easily accessible from the N2, off Steve Biko Street which links the north and south suburbs, without utilising the busy highway. It is therefore a significant through route for public transport. The centre is also accessible by foot from the surrounding residential area and via taxi from the on-site taxi rank. There is a diverse and strong tenant mix with 54 national tenants occupying approximately 90% of the rentable retail area. These tenants include Shoprite Checkers, Superspar, Jet, Cashbuild and FNB.

    Value # R437m (2.9%)
    Region Western Cape Synergy
    Gross Lettable area 25 322m2
    Monthly Rental * R 136/m2
    National Tenant exposure 90%
    Average annual trading density 33,592

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

  • Gugulethu Square
  • Top 10 Retail Centres: Soweto Dobsonville Shopping Centre

    Located on the corner of Dobsonville’s Elias Motsaoledi Drive and Christian Dube Street, Dobsonville Shopping Centre was the first Township Centre in Soweto and has been seen as the beginning of the economic boom that hit Soweto in the late 90’s.
    With over 70 stores and an office park, the centre has retained its significant and iconic association with the community, making everybody who visits it comfortable to go about their shopping and daily lives. Servicing the areas of Jabulani, Roodepoort, West Gate, Braamfisher, Leratong and Tshepisong, it conveniently has a taxi rank within the centre for easy access.

    Value # R413m (2.8%)
    Region Gauteng
    Gross Lettable area 23 177m2
    Monthly Rental * R 130/m2
    National Tenant exposure 85%
    Average annual trading density 36,382

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

  • Soweto Dobsonville Shopping Centre
  • Top 10 Retail Centres: Nonesi Mall

    Nonesi Mall with a GLA of 28 147m² is a U shaped, single-level centre with open parking, Game, Pick ‘n Pay, Checkers, Woolworths, Edcon Group, Foschini Group, Mr Price Group, Truworths and Clicks as well as restaurants and banks are amongst a substantial amount of anchor tenants. The centre is situated in the CBD of Queenstown and is located on the corner of Komani & Victoria Streets, benefitting from excellent exposure and centralised for the community.

    Value # R 397m (2.7%)
    Region Eastern Cape
    Gross Lettable area 28 147m2
    Monthly Rental * R 112/m2
    National Tenant exposure 96%
    Average annual trading density 25,777

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

  • Nonesi Mall
  • Top 10 Retail Centres: Pinetown Pine Crest
    Shopping Centre

    Situated in Kings Road, Pinetown, Pine Crest Centre has served the community for over 25 years. The centre offers quality retail shopping with 105 stores, including many of the biggest clothing brands in the country, this makes shopping for deals easy. The anchor tenants in the centre are Pick ‘n Pay, Game, Woolworths, The Hub and Virgin Active. Of all of our 110 stores 32 are clothing and shoe shops, so you can pick up some of the latest fashion trends. The centre has a total of 1590 parking bays, 605 of which are undercover.

    Value # R 389m 50% share (2.6%)
    Region KwaZulu-Natal
    Gross Lettable area 40 112m2
    Monthly Rental * R 143/m2
    National Tenant exposure 93%
    Average annual trading density 28,014

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

  • Pinetown Pine Crest
  • Top 10 Retail Centres: Moruleng Mall

    Moruleng Mall, is located in the local Bakgatla Ba Kgafela tribe, who are also shareholders. This 31 421 m² mall is strategically positioned in the heart of a densely populated district near the Pilanesberg in the North West Province. Moruleng Mall brings major retailers to the doorstep of people who previously had very limited access to retail convenience. It provides quality products and services, a taxi drop off area and 800 parking bays.

    Value # R378m (2.5%)
    Region Northwest
    Gross Lettable area 31 421m2
    Monthly Rental * R 108/m2
    National Tenant exposure 82%
    Average annual trading density 21,808

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

  • Moruleng Mall
  • Top 10 Retail Centres: Randburg Square

    The shopping centre is situated in Randburg CBD in proximity to established residential suburbs and has been serving these suburbs for over 35 years. The centre has over 70 shops that caters for the broader Randburg community.
    It has a very big catchment area due to the taxi rank close to the centre that mainly services Diepsloot, Randburg, Soweto and Cosmo City. With an average foot count of over 700 000 customers per month, this vibey mall plays host to commuters, professionals, friends and families who all know that this is "the smart place to shop".

    Value # R378m (2.5%)
    Region Gauteng
    Gross Lettable area 40 767m2
    Monthly Rental * R 93/m2
    National Tenant exposure 83%
    Average annual trading density 14,547

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

  • Rangburg Square
  • Top 10 Retail Centres: Oshakati Shopping Centre

    Situated in Northern Namibia, the building is a key asset in Vukile’s Namibian property portfolio. The centre was the first regional centre to be developed in this densely populated area and has been extensively upgraded and extended since its acquisition by Vukile.
    Access to the centre has also been improved by the provision of a new entrance road on the western boundary of the site. The centre’s location in the central business area of Oshakati together with the high profile tenant mix ensures its dominance in the local retail market and it remains one of the busiest shopping centres in the area. Tenants include Pick n Pay, Game, Truworths, Mr Price, Pep Stores, Ackermans, Foschini, Jet Mart, Edgars and Woolworths Textiles.

    Value # R 358m (2.4%)
    Region Namibia
    Gross Lettable area 24 632m2
    Monthly Rental * R 121/m2
    National Tenant exposure 94%
    Average annual trading density 28,723

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

  • Oshakati Shopping Centre
  • Top 10 Retail Centres:Durban Workshop

    Following the R75 million upgrade to the centre which was completed in June 2016, it has added a variety of new brands including the Pepcor Group, Edgars Connect, Spec Savers and many more. Dwell times at the centre have improved with the upgrade of the foodcourt which now boasts the likes of KFC, McDonalds, Pie City and Maharaj Kitchen. Footfall has risen in excess of 1,2 million customers per month and there has been a strong tenant demand post the upgrade.

    Value # R 350m (2.4%)
    Region KwaZulu‐Natal
    Gross Lettable area 19 996m2
    Monthly Rental * R 170/m2
    National Tenant exposure 73%
    Average annual trading density 32,397

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

  • Bedworth Centre