Johannesburg - Vukile Property Fund [JSE:VKE] said on Friday it was in talks to acquire Wingspan’s property portfolio‚ either alone or together with a third party.
The acquisition‚ if completed‚ will be subject to the fulfillment of conditions‚ including competition authority approval.
Wingspan’s property portfolio comprises five regional shopping centres.
Vukile cautioned that the potential deal might have material impact on its share price.