Vukile Property Fund Limited (JSE:VKE) acquired 86.89% stake in Castellana Properties SOCIMI SA for €13.17 million in cash on December 20, 2016. Under the terms of the transaction, Vukile acquired 2.2 million shares. €13 million standard bank loan was raised to finance the acquisition.

Vukile Property Fund Limited (JSE:VKE) completed the acquisition of 86.89% stake in Castellana Properties SOCIMI SA on December 20, 2016.