Vukile Property Fund Limited
 
    • WATCH: How Vukile will implement its mall recovery plan (businesslive.co.za)
      • Vukile CEO Laurence Rapp talks to Business Day TV about the effect of last week's unrest

        Vukile Property Fund has said that four of its Gauteng malls and two of its KwaZulu-Natal operations were damaged during last week's unrest.

        Alishia Seckam spoke to CEO Laurence Rapp about Vukile's recovery plans. Click here to view the article

    • Rebuilding after the destruction and looting of Vukile-owned malls - Moneyweb
      • 'What's happened now has not discouraged us at all. We've always been appropriately insured against it, and we've built strong relationships with the communities that we're in': Vukile CEO Laurence Rapp.

        Here to update us on the reopening of its malls, as well as the rebuilding after the destruction from the looting, is Laurence Rapp, who is the CEO of Vukile Properties. Laurence, thanks so much for your time. Phew, how quickly things can change! The last time I spoke with you, you were speaking about improved results on the bottom line, and now we are talking about a situation that can potentially reduce the profits that may be forthcoming in the foreseeable future. How badly were the affected malls damaged by the riots? Click here to view the article

    • Safari Investments and Vukile Property Fund suffer damages to shopping centres (iol.co.za)
      • Safari Investments and Vukile Property Fund suffer damages to shopping centres

        TWO listed property groups, Safari Investments and Vukile Property Fund, suffered damage to their shopping centres, joining the plight of many other retail store and centre owners that have to repair and rebuild.

        Safari Investment said yesterday three of its retail centres in Gauteng had become targets of lawlessness and criminal activity. Click here to view the article
    • A PERSPECTIVE ON THE RETAIL LANDSCAPE AND HORIZON
      • Retail has always been vibrant and dynamic, but the past year has seen the sector in upheaval. The COVID-19 pandemic has been a crash-course in retail reinvention.

        And, this is exciting. Far from the so-called 'retail apocalypse', it is now increasingly recognised that retailing is on the edge of a renaissance and entering an era that is substantially different from the past with even greater possibility.

        Changes in consumer behaviour triggered by the pandemic will remain with the retail industry in many areas. Click here to view the article


  • Portfolio
  • Top 15 Retail Centre's: El Faro (Spain)

    El Faro is the largest shopping and leisure centre of the province of Extremadura. Situated in Badajoz, the nearest city to the Portuguese border, has a GLA of 66,300 sqm of which 43.423 sqm owned by Castellana Properties. With 2,840 free parking spaces and more than 110 stores, the shopping center is the commercial reference of all Extremadura, along with an influence area of 517,491 citizens.

    Among its 110 stores there are international brands such as Primark (the only store in the entire province), Inditex Group, Media Markt, Hipercor, El Corte Inglés Outlet or Bricor that, together with its wide range of restaurants, have made El Faro a commercial icon in the southwest of Spain.

    El Faro is deeply involved with the community, through different agreements with local authorities. Likewise, the Spanish Association for Standardization and Certification (AENOR) has granted EL FARO with the Universal Accessibility Certification (UNE 170001-2:2007) for being a commercial centre globally accessible and without architectural barriers.

    Region Extremadura
    Gross Lettable area 40 318m²
    Monthly Rental * €19/m²
    National Tenant exposure 97%
    Vacancy 1.8%

    * Average base rental excluding recoveries

  • East Rand Mall
  • Top 15 Retail Centres: Bahía Sur (Spain)
    Shopping Centre

    Bahía Sur is located in the city of San Fernando (Cádiz) in a unique natural environment with views to the Bay of Cadiz. Is located next to the train station that connects to the city centre, and the main Sport City of the county.

    The shopping centre has an influence area of 674,250 citizens, and it offers a modern concept of retail in which shopping, leisure and natural spaces merge to create a unique experience.

    With more than 80 stores distributed in a floor with renovated spaces, Bahía sur is the leading shopping centre within its influence area which includes the city of Cadiz, Puerto Real and San Fernando. Fashion, beauty, sports, home or supermarket are present in their 59,300 sqm (of which 24,789 sqm are owned by Castellana Properties) of commercial areas with national and international brands like Carrefour, El Corte Inglés or Zara. Restaurant offering in Bahía Sur includes American, Asian, Mexican, Italian or Mediterranean cuisine with different restaurants and cafés.

    The shopping centre has straightforward proposal: offer the visitor a new model of purchase in a unique space where is possible to enjoy a privileged environment with lovely sunsets every day, free loan of binoculars or ride bicycles through its Natural Park as well as take part in different entertainment activities all year long.

    Region Andalucia
    Gross Lettable area 35 333m²
    Monthly Rental * €22/m²
    National Tenant exposure 97%
    Vacancy 1.4%

    * Average base rental excluding recoveries

  • Bahia Sur
  • Top 15 Retail Centres: Los Arcos (Spain)

    Los Arcos, located in one of the most important areas of Seville, has a gross lettable area of 43,400 sqm, of which 17,906 sqm are owned by Castellana Properties. Divided into two floors of shopping galleries, Los Arcos is the largest shopping centre in the city.

    With more than 80 brands, it is an urban reference in retail with the largest and widest commercial mix in the region with key brands such as Hipercor, Zara, Kiabi, C&A, City Cinema Union, Toys R ‘Us, Deichmann, Primor, Bershka, Mcdonald’s or Foster’s Hollywood, among others.

    It also has a free underground parking with 1,800 parking spaces.Opened in 1992 along with the Universal Exhibition, it was the first Shopping Centre in the city and, since 2013 has a completely renovated image and architecture, with wide and bright corridors for a better customer experience.

    Los Arcos believes that business growth and environmental sustainability are interrelated, and they constitute a strategic thrust. Therefore, the shopping centre is committed to supportive and sustainable initiatives like supporting the local economy, 100% LED lighting in its facilities or photovoltaic panels for electric self-consumption, among others.

    Region Andalucia
    Gross Lettable area 26 680m²
    Monthly Rental * €24/m²
    National Tenant exposure 98%
    Vacancy 4.8%

    * Average base rental excluding recoveries

  • Los Arcos
  • Top 15 Retail Centres: Granaita Retail Park (Spain)

    The shopping centre is located in Pulianas, a town that surrounds the city of Granada, considered strategic because it has easy access from the highways A44 y A92, as well as the N432 and A4006 roads.

    The shopping centre is located in Pulianas, a town that surrounds the city of Granada, considered strategic because it has easy access from the highways A44 y A92, as well as the N432 and A4006 roads. The shopping center has 77 units, and a GLA of more than 104,000 sqm, of which 54,367 are owned by Castellana Properties. Granaíta is the result of the integration of Kinepolis Park and the Alameda Shopping Center, and after an investment of 5,5 million euro, it was reopened in March 2019 with a renovated image, and a modern and innovative design. Granaita has become the new hub to respond the demand of entertainment, fashion, and leisure for youth and families of Granada and its metropolitan areas. Moreover, due to its great location and accessibility the influence area includes cities of the western side of Granada, and the near province of Jaen. Some of the main tenants are renowned brands like Mercadona, Carrefour, Burger King, Kinepolis, Decathlon, Maison du Monde, Aki, Kiwoko o Muerde La Pasta among others.

    Region Andalucia
    Gross Lettable area 54 807m²
    Monthly Rental * €10/m2
    National Tenant exposure 88%
    Vacancy 3.7%

    * Average base rental excluding recoveries

  • Granaita
  • Top 15 Retail Centres: Vallsur (Spain)

    The Vallsur shopping centre was opened in 1998, situated in a residential area that has been widely developed since then. Its unbeatable location makes Vallsur the place chosen by thousands of citizens to shopping throughout the year.

    With 36,000 sqm (of which 35.211 sqm owned by Castellana Properties) the park was increased in 3,000 sqm and was refurbished in 2013. In 2014 received the Best Shopping Center Renovation Award given by the Spanish Association of Shopping Centers (AECC).

    The shopping center has more than 90 units that create a compelling offer from fashion, shoes, accessories and restaurants, with brands like Inditex, H&M, Forum Sport, Foster´s Hollywood or KFC among others. In 2018, Yelmo Cines inaugurated 8 movie theatres and became the second Premium cinemas in Spain.

    Vallsur has 1,705 parking spaces. Since its inauguration, the shopping centre has a clear commitment to the environment. For this purpose, it has implemented an Environmental Management System in accordance with the international standard ISO 14001:2004.

    Region Castilla Leon
    Gross Lettable area 35 212m2
    Monthly Rental * €15/m2
    National Tenant exposure 97%
    Vacancy 2.8%

    * Average base rental excluding recoveries

  • Vallsur
  • Top 15 Retail Centres: Habaneras (Spain)

    The shopping center is located in Torrevieja, province of Alicante. It has an influence area of 531,670 citizens, in addition to 178,440 of floating population.

    This modern shopping centre was built in 2005 with a GLA of 24,158 sqm. It has 65 stores distributed in 3 floors. Two floors at ground level, and another floor underground that combines shopping stores and parking.

    The parking area has 850 free parking spots, 700 underground and 100 at ground level with direct access from the street. The main brands of the shopping centre are Zara, Bershka, Stradivarius, C&A, Forum, and Aki Bricolaje, among others.

    Region Com. Valenciana
    Gross Lettable area 25 021m²
    Monthly Rental * €18/m²
    National Tenant exposure 96%
    Vacancy 2.5%

    * Average base rental excluding recoveries

  • Habaneras (Spain)
  • Top 15 Retail Centres: Boksburg East Rand Mall (RSA)

    'East Rand Mall, situated a mere 7 km from South Africa’s busiest airport OR Tambo International Airport is positioned just off the R 21 on Bentel Avenue making the Mall the gateway to the greater Boksburg area.

    Since opening its doors to the public in 1992, the Mall has cemented its retail offering to not only Boksburg but likewise attract shoppers from Benoni, Brakpan, Germiston and Kempton Park.

    The Mall’s well-planned tenant mix includes all of South Africa’s major chain stores and smaller specialised stores, making the Mall a fashion must stop to the greater East Rand.

    Region Gauteng
    Gross Lettable area 68 568m²
    Monthly Rental * R278/m²
    National Tenant exposure 94%
    Vacancy 3.5%

    * Average base rental excluding recoveries

  • East Rand Mall
  • Top 15 Retail Centres: Pinetown Pine Crest (RSA)

    'Pine Crest Centre has served the community of Pinetown for more than 30 years. It is the town’s original shopping centre and remains its biggest retail centre. Its primary catchment area stretches from Kwadabeka in the north to Kwadengezi in the south, and from Cowies Hill in the east to Kloof in the west. The recently upgraded centre’s strong tenancy in financial services, homeware, furniture, food, health and beauty and fashion make it the most dominant centre in Pinetown. The food court offers a variety of well-known National brands, entertainment and a kiddies play area. Pine Crest is a highly visible, convenient one-stop retail destination with ample parking and a filling station on site.

    Region KwaZulu-Natal
    Gross Lettable area 43 333m²
    Monthly Rental * R193/m2
    National Tenant exposure 88%
    Vacancy 0.7%

    * Average base rental excluding recoveries

  • Pinetown Pine Crest
  • Top 15 Retail Centres: Puerta Europa (Spain)

    Region Andalucia
    Gross Lettable area 29 732m2
    Monthly Rental * €15/m2
    National Tenant exposure 93%
    Vacancy 0.7%

    * Average base rental excluding recoveries

  • Puerta Europa (Spain)
  • Top 15 Retail Centres: Durban Phoenix Plaza (RSA)

    'Phoenix Plaza offers a unique shopping experience with a wide variety of eastern, western and specialty stores, presenting itself as a one-stop shopping destination. The centre was recently upgraded with high-quality finishes and a fresh modern look. It offers a retail experience that is community centred, variety-filled and convenient, playing an active role within the community.

    Region KwaZulu-Natal
    Gross Lettable area 24 072m²
    Monthly Rental * R289/m²
    National Tenant exposure 76%
    Vacancy Fully let

    * Average base rental excluding recoveries

  • Durban Phoenix Plaza
  • Top 15 Retail Centres: Parque Oeste (Spain)

    Region Madrid
    Gross Lettable area 13 604m2
    Monthly Rental * €17/m2
    National Tenant exposure 100%
    Vacancy Fully let

    * Average base rental excluding recoveries

  • Parque Oeste (Spain)
  • Top 15 Retail Centres: Phuthaditjhaba Maluti Crescent (RSA)

    'The recently redeveloped Maluti Crescent has a powerful retail mix and is dominant in its trade area, having been transformed from a strip centre into a partially enclosed mall. It has a strong grocery and convenience tenant mix, supported by a wide variety of retail options. Maluti Crescent offers shoppers excellent accessibility.

    Region Free State
    Gross Lettable area 35 733m²
    Monthly Rental * R158/m²
    National Tenant exposure 93%
    Vacancy 0.5%

    * Average base rental excluding recoveries

  • Phuthaditjhaba Maluti Crescent (RSA)
  • Top 15 Retail Centres: Pretoria Kolonnade Retail Park (RSA)

    'Kolonnade Retail Park is a dominant retail park that hosts a variety of lifestyle tenants ranging from sport, health, homeware, furniture and décor as well as brand outlet stores. It is centrally located in a vibrant retail node anchored by a large Pick n Pay Hypermarket and West Pack Lifestyle. All this complimented by ample parking and a variety of food services.

    Region Gauteng
    Gross Lettable area 39 665m2
    Monthly Rental * R121/m²
    National Tenant exposure 90%
    Vacancy Fully let

    * Average base rental excluding recoveries

  • Kolonnade
  • Top 15 Retail Centres: Parque Principado (Spain)

    The retail park is located in the town of Sieros in Asturias next to the shopping center Intu Asturias, the largest shopping center of the region, with a huge influence area due to its location.

    Situated at 10 minutes from Oviedo, the park has an influence area of 860,000 citizens. It was inaugurated in 2003 and has a GLA of 16,246 sqm, owned entirely by Castellana Properties, it has 6 units and 425 outdoor parking spots. Some of the main tenants are Bricomart, Conforama, Intersport, Burger King, and Kiwoko.

    Region Asturias
    Gross Lettable area 16 090m²
    Monthly Rental * €10/m2
    National Tenant exposure 100%
    Vacancy Fully Let

    * Average base rental excluding recoveries

  • Rangburg Square
  • Top 15 Retail Centres: Soweto Dobsonville Mall (RSA)

    'The first shopping centre in Soweto in 1994, Dobsonville Mall has retained its significant association with the community. It offers shopping variety and convenience from 73 stores and has an integrated taxi rank for easy access. Apart from three food anchors and a variety of food services, it offers the convenience of health, fashion, furniture and financial services to shoppers in the north-west of Soweto.

    Region Gauteng
    Gross Lettable area 26 438m²
    Monthly Rental * R162/m²
    National Tenant exposure 92%
    Vacancy 0.6%

    * Average base rental excluding recoveries

  • Soweto