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  • EVENTS CALENDAR 2017
    • July 2017

      Financial report and notice of AGM posted by

    • August 2017

      AGM

    • 30 September 2017

      Interim results year end

    • 31 March 2018

      Financial year end

  • Top 15 Retail Centre's: 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 424m2 centre features 89% 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 # R1330m
    (9.5% of direct southern African portfolio)
    Region Gauteng
    Gross Lettable area 69 424m2
    Monthly Rental * R 259/m2
    National Tenant exposure 87%
    Vacancy 2.8%

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

  • East Rand Mall
  • Top 15 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 # R831m
    (5.9% of direct southern African portfolio)
    Region KwaZulu-Natal
    Gross Lettable area 24 351m2
    Monthly Rental * R250/m2
    National Tenant exposure 80%
    Vacancy 1.2%

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

  • Durban Phoenix Plaza
  • Top 15 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 # R828m
    (5.9% of direct southern African portfolio)
    Region KwaZulu-Natal
    Gross Lettable area 40 087m2
    Monthly Rental * R 155/m2
    National Tenant exposure 94%
    Vacancy 3.0%

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

  • Pinetown Pine Crest
  • Top 15 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 # R502m
    (3.6% of direct southern African portfolio)
    Region Western Cape
    Gross Lettable area 25 322m2
    Monthly Rental * R 145/m2
    National Tenant exposure 90%
    Vacancy 0.4%

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

  • Soweto Dobsonville Shopping Centre
  • Top 15 Retail Centres: Soweto Dobsonville Mall

    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 # R492m
    (3.5% of direct southern African portfolio)
    Region Gauteng
    Gross Lettable area 26 655m2
    Monthly Rental * R 131/m2
    National Tenant exposure 90%
    Vacancy 2.7%

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

  • Gugulethu Square
  • Top 15 Retail Centres: Queenstown Nonesi Mall

    Nonesi Mall with a GLA of 28 177m² 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 # R436m
    (3.1% of direct southern African portfolio)
    Region Eastern Cape
    Gross Lettable area 28 177m2
    Monthly Rental * R 119/m2
    National Tenant exposure 96%
    Vacancy 0.0%

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

  • Nonesi Mall
  • Top 15 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 # R416m
    (3% of direct southern African portfolio)
    Region Namibia
    Gross Lettable area 24 632m2
    Monthly Rental * R 129/m2
    National Tenant exposure 94%
    Vacancy 1.2%

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

  • Moruleng Mall
  • Top 15 Retail Centres: Durban Workshop

    Every city has a unique historical landmark. For Durban, it is The Workshop – an iconic, heritage-rich building embraced by the bustling, vibrant heart of the CBD.
    The Workshop has made strides since 1860, transformed from a railway workshop into a modern shopping centre. As times changed, so did The Workshop. Safety upgrades, expansion and rigorous renovations have restored, replenished and shaken off the dust to reveal a brand new shopping experience. The character and charm of a bygone era is complemented by state-of-the-art finishes, resulting in a remarkable contrast of vintage and vogue. In addition to a wide choice of luxury brands, top national retailers and popular eateries, The Workshop boasts the best bunny chow in Durban, and the largest curio shop in South Africa. Many of Durban’s main attractions are situated within walking distance from the centre, including the Durban City Hall, the ICC, Moses Mabhida Stadium and The Playhouse Theatre. Today, The Workshop has a whole new vibe, moving to the rhythm of a thriving city and its people. World traveller, adventure seeker or local visitor, everyone is welcome at The new Workshop.

    Value # R405m
    (2.9% of direct southern African portfolio)
    Region KwaZulu-Natal
    Gross Lettable area 20 041m2
    Monthly Rental * R 181/m2
    National Tenant exposure 73%
    Vacancy 0.9%

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

  • Oshakati Shopping Centre
  • Top 15 Retail Centres:Moruleng Mall

     

    Value # R403m
    (2.9% of direct southern African portfolio)
    Region Northwest
    Gross Lettable area 31 421m2
    Monthly Rental * R 112/m2
    National Tenant exposure 87%
    Vacancy 5.0%

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

  • Bedworth Centre
  • Top 15 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 # R394m
    (2.8% of direct southern African portfolio)
    Region Gauteng
    Gross Lettable area 40 874m2
    Monthly Rental * R 97/m2
    National Tenant exposure 85%
    Vacancy 8.5%

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

  • Rangburg Square
  • Top 15 Retail Centres: Phuthaditjhaba Maluti Crescent

    Value # R393m
    (2.8% of direct southern African portfolio)
    Region Free State
    Gross Lettable area 21 538m2
    Monthly Rental * R 131/m2
    National Tenant exposure 97%
    Vacancy 0.0%

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

  • Rangburg Square
  • Top 15 Retail Centres: Thohoyandou Thavhani Mall

    Thavhani Mall is the very first fully enclosed ultra-modern, double-storey regional mall in the vibrant heart of Thohoyandou, Limpopo.
    With great brands right on your doorstep, Thavhani Mall brings together style and convenience with almost 140 shops, restaurants and service outlets. Here you’ll find anchor tenants Woolworths, Edgars, Pick n Pay and SuperSpar mixed with fabulous fashion from Foschini, Truworths and Mr Price. Thavhani Mall also adds extra excitement with a number of fantastic retail firsts for Thohoyandou – making it the ultimate shopping destination. Easy to find with easy access on the R524, with direct links to Louis Trichardt.

    Value # R374m
    (2.7% of direct southern African portfolio)
    Region Limpopo
    Gross Lettable area 50 637m2
    Monthly Rental * R 162/m2
    National Tenant exposure 87%
    Vacancy 0.9%

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

  • Rangburg Square
  • Top 15 Retail Centres: Germiston Meadowdale Mall

    Meadowdale Mall is superbly located on Van Riebeeck Road, Germiston, approximately 1km from the R24 highway.
    Other than being located on an excellent site with easy access to major roads and public transport, it is well placed in a strong value retail node, and close to Edenvale Makro, the top performing Makro in the country. The centre has a 78% national tenant exposure which include anchor tenants Checkers Hyper, which also underwent a full revamp with the mall’s redevelopment in 2015, as well as House & Home, Cashbuild, Pep, Ackermans, Crazy Store, Sheet Street and Wimpy.

    Value # R372m
    (2.6% of direct southern African portfolio)
    Region Gauteng
    Gross Lettable area 47 538m2
    Monthly Rental * R 71/m2
    National Tenant exposure 78%
    Vacancy 2.2%

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

  • Rangburg Square
  • Top 15 Retail Centres: Daveyton Shopping Centre

    This superb shopping centre situated at Eiselen Street in Daveyton has Retail and office space to rent. Right in the heart of the revived and thriving business node of Daveyton township in the main arterial road of the township.
    A respectable address, in a simply elegant centre, with panoramic views from high up of our gorgeous hustle and bustle East Rand. The centre is anchored by Pick n Pay and Jet Stores, with the centre having an 84% national tenant exposure.

    Value # R363m
    (2.6% of direct southern African portfolio)
    Region Gauteng
    Gross Lettable area 17 774m2
    Monthly Rental * R 147/m2
    National Tenant exposure 84%
    Vacancy 1.4%

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

  • Rangburg Square
  • Top 15 Retail Centres: Atlantis City Shopping Centre

    Atlantis City is situated in the heart of Atlantis, on the West Coast of the Western Cape. Atlantis City is a single storey centre, divided by a road into two separate enclosed malls. Both sections are anchored by national food retailers, Shoprite Checkers and Pick n Pay.
    National tenants account for approximately 79% of the occupied gross lettable area. These include Shoprite Checkers, Pick ‘n Pay, Clicks, Jet, Mr Price, Pep and Ackermans.

    Value # R323m
    (2.3% of direct southern African portfolio)
    Region Western Cape
    Gross Lettable area 22 115m2
    Monthly Rental * R 139/m2
    National Tenant exposure 79%
    Vacancy 4.4%

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

  • Rangburg Square