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Vukile reinforces its share in Castellana
30 August 2019 | Ana Tavares

South-African fund Vukile has just reinforced its position in Castellana Properties with the purchase of 5.8 million shares representing 7.8% of the company’s capital, from Westbrooke Yield Plus.

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According to EjePrime, Vukile increases thus its share to 80%. Currently, Morze European Real Estate Ventures is the only other company which has a share above 5% on Castellana Properties.

Concurrently, Vukile intends to inject around 600 million euro in its Spanish REIT in order to list it in the continuous Stock Exchange this year. Before that, the company expects to reach a 1.500 million euro asset portfolio.