Expansion into Europe: Vukile acquires 35% of Pradera

Laurence Rapp-led Vukile buys 35% of Pradera in $5.9B deal

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).Vukile’s strategic entry into ten-country portfolioThe Johannesburg-listed retail real estate investment trust said the investment gives it strategic access to a spec…

Expansion into Europe: Vukile acquires 35% of Pradera

Source: Supplied. Laurence Rapp, chief executive officer of Vukile Property Fund.Vukile Property Fund has taken a significant step in its European growth strategy, acquiring a 35% stake in specialist retail property investor and asset manager Pradera Limited. Read more...