Business · South Africa
Vukile CEO Sees Growth With Big Spain Deal and More to Come
Moneyweb · 2026/02/10
Summary
Vukile Property Fund, led by CEO Laurence Rapp, recently sold several retail parks in Spain for €279 million (about R5.2 billion). This successful deal highlights Vukile’s strength in managing and growing its property investments. The company is currently trading at a premium on the Johannesburg Stock Exchange (JSE), showing strong investor confidence. Laurence Rapp expects even more property deals in both Spain and South Africa, signaling continued growth for Vukile. For South African investors and businesses, this suggests opportunities in the property market both locally and internationally. Vukile’s focus on retail parks is important because these spaces serve everyday consumers and contribute to the economy’s stability. As Vukile expands its portfolio, it could offer attractive returns to shareholders and positive impacts on small businesses that operate in their properties. Overall, Vukile’s activity reflects a growing trend of South African firms participating in global markets and managing assets across countries.
OnABudget takeaway: For consumers and investors, Vukile’s growth means more stable retail spaces and potential investment gains. Small business owners operating in Vukile’s properties may benefit from improved facilities and market growth.