<\/p>\n
Big five South African real estate investment trust (Reit) Vukile Property Fund has raised R2.8 billion in fresh capital on the JSE, the group confirmed in a filing on Tuesday morning, at it eyes expansion into Italy.<\/p>\n
This follows the company launching a new equity raise or accelerated bookbuild on the Sandton-based bourse late on Monday, where it finally revealed the new European market it now plans to enter.<\/p>\n
Read:
Vukile Property Fund buys into Barcelona mall
Vukile in massive R6bn Madrid mega mall deal<\/p>\n
\u201cFollowing strong institutional demand, Vukile is pleased to announce the successful placement of 9% of the company\u2019s market capitalisation, equating to approximately R2.8 billion and the issue of [circa] 123 million new ordinary shares,\u201d the group said.<\/p>\n
This makes it the biggest equity raise in five years by a JSE-listed Reit on the local bourse. The largest capital raise following the Covid-19 pandemic, came in November 2020 when Growthpoint opted to raise around R4.3 billion, as a move to bolster its balance sheet in the wake of the \u2018lockdowns\u2019 fallout.<\/p>\n
ADVERTISEMENT<\/p>\n
CONTINUE READING BELOW<\/p>\n
Vukile\u2019s latest equity raise is expansionary as the group looks at further acquisitions in South Africa, Spain, and now Italy. It also raised R2.65 billion on the JSE in October last year and has made several acquisitions both locally and in the Iberian peninsula.<\/p>\n
Read:
The big JSE property stocks trading at premiums \u2026
Cash-flush Vukile eyes acquisitions after R5.2bn Spanish retail parks sale
Growthpoint plunges over 16% after R4.3bn capital raise [Nov 2020]<\/p>\n
\u201cThe bookbuild shares were placed at a price of R22.60 per share, representing a 4.32% and 4.43% discount to the pre- launch Vukile closing share price and 10-day VWAP [volume-weighted average price] respectively on 19 May 2026.<\/p>\n
\u201cSubject to approval by the JSE Limited, listing and trading of the bookbuild shares is expected to commence at 09h00 on 25 May 2026,\u201d Vukile added.<\/p>\n
ADVERTISEMENT:<\/p>\n
CONTINUE READING BELOW<\/p>\n
Vukile\u2019s share price<\/p>\n
Listen\/read\/watch:\u00a0<\/p>\n
Dealmaker deluxe: Vukile\u2019s Laurence Rapp sees more deals coming in Spain and SA<\/p>\n<\/p>\n
#Vukile #raises #R2.8bn #JSE #eyes #Italian #expansion<\/p>\n","protected":false},"excerpt":{"rendered":"
Big five South African real estate investment trust (Reit) Vukile Property Fund has raised R2.8…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[1473,908,12528,3410,10557,1161,12527],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/6728"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6728"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/6728\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}