JSE-listed real estate investment trust (Reit) Vukile Property Fund will, through its subsidiary Castellana Properties, acquire a 50% stake in the Splau Shopping Centre, in Barcelona, Spain, to further advance its strategy of investing in dominant, high-performing retail assets. The 50% stake in Splau is being acquired from property development company Unibail-Rodamco-Westfield (URW), which owns, develops and manages high-quality, sustainable real estate assets in Europe and the US.
