Vukile Property Fund Limited, led by South African executive Laurence Rapp, has taken another step in broadening its reach beyond Southern Europe, acquiring a 35 percent stake in Pradera Limited in a transaction that values the global retail platform at R94.7 billion 5.9 billion.
Vukiles strategic entry into ten-country portfolio
The Johannesburg-listed retail real estate investment trust said the investment gives it strategic access to a specialist retail property asset manager with operations spanning Europe, the United Kingdom, China and the Middle East. The deal builds on Vukiles existing offshore exposure and reflects a long-standing view that international growth must be anchored in local expertise.
