Vukile’s flagship Spanish shopping centre, the El Faro centre in Badajoz, Spain. Picture: SUPPLIED
JSE-listed diversified property group Vukile said on Friday it is in talks to sell its controlling R1.25bn stake in Atlantic Leaf Properties, in a move that will result in the company exiting the UK market.Atlantic Leaf is a Jersey-incorporated UK real estate investment trust , with a primary listing on the main board of the JSE and a secondary one on the Mauritius stock exchange.
The group has since acquired interests in two Spanish portfolios through its partner Castellana Properties. Its Spanish exposure is worth R17bn and accounts for 48% of its total assets. Its directly held SA properties are worth about 15bn.
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