PROPERTY DEVELOPMENTS
JSE-listed real estate investment trust (Reit) Vukile Property Fund will invest R338-million in expansion and redevelopment of the Maluti Crescent shopping centre, in Phuthaditjhaba, Free State. The project will add 12 357 m2 to the centre, taking it to a total 34 360 m2. Simultaneously, the development will transform Maluti Crescent from a strip mall to a modern, enclosed shopping centre. The project will also add a new undercover taxi rank of 100 bays and more parking. Vukile acquired Maluti Crescent in its acquisition of the retail portfolio of the former Synergy Income Fund, two years ago and identified the opportunity to unlock greater performance from this asset.
This content is only available to subscribers.
Forgot your password? Click here
Don't have any login details?
Free Trial Access
