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 Address to refer: https://www.researchchannel.co.za/article/vukile-boosts-offshore-exposure-to-21-in-r28bn-spanish-retail-park-transaction-2017-07-03
 Article Headline: Vukile boosts offshore exposure to 21% in R2.8bn Spanish retail park transaction
 Abstract: JSE-listed real estate investment trust (Reit) Vukile Property Fund has acquired a portfolio of nine newly built retail parks across Spain through its 98.3%-owned Spanish subsidiary Castellana Properties. Castellana will acquire the nine properties from Redevco Iberian Ventures, a joint venture between Ares and Redevco, for R2.8-billion.   The deal will increase Vukile’s diversification, boost its international exposure to around 21% of total property assets and grow its Spanish portfolio to 11 properties.    Speaking at a media briefing on Monday, CEO Laurence Rapp said the transaction has given Vukile immediate scale in Spain.
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