During the last month of the year, the South African fund took the opportunity to strengthen its position as a reference shareholder of Castellana Properties after acquiring a package of more than 5% of the Socimi shares.
These titles were owned by the director Adam Lee Morze, linked to Castellana since 2015, as well as people he trusts and related companies, as recently reported by the company specialized in shopping centers to BME Growth.
With this acquisition, for a total amount of 28.4 million euros, Vukile Property Fund has controlled 88% of the capital of the Socimi. For its part, Morze European Real Estate Ventures (Merev), controlled by Adam Lee Morze, has seen its stake reduced to 11.39%.
Vukile has divided the purchase of the Adam Lee Morze share package into four operations: on December 1, the purchase of 924,806 shares was made at a price per share of 5.99 euros, which closed the operation at 5, 5 million euros; On December 3, the transaction of 320,000 shares was carried out at a unit price of 5.99 euros for an effective total of 1.9 million euros.
Finally, on December 23, the largest transaction was carried out. Lee Morze, through his Merev de him company, sold a package of 3.5 million shares at a unit price of 6 euros, closing the deal for a total of 21 million euros.