{"id":8949,"date":"2026-02-10T16:42:53","date_gmt":"2026-02-10T14:42:53","guid":{"rendered":"https:\/\/sareit.co.za\/?p=8949"},"modified":"2026-02-10T16:42:53","modified_gmt":"2026-02-10T14:42:53","slug":"vukile-festive-season-trading","status":"publish","type":"post","link":"https:\/\/muddev.co.za\/sareit\/vukile-festive-season-trading\/","title":{"rendered":"Vukile festive season trading"},"content":{"rendered":"

FESTIVE SEASON TRADING (November & December 2025)<\/strong><\/p>\n

Vukile’s South African and Iberian retail property portfolios recorded strong performance in November and December 2025, reflecting a successful Black Friday and holiday trading period.<\/p>\n

SOUTH AFRICAN PORTFOLIO<\/strong><\/p>\n

Positive trading performance through November and December 2025 have reinforced the portfolio\u2019s sustainable growth and consistent value creation.<\/p>\n

Turnover<\/strong><\/p>\n

November sales reflected continued growth, increasing by 2.4% relative to the prior year, growing off a high base (+10.0% in November 2024 vs November 2023). In December, the portfolio achieved significant growth, up by 4.5% in trading density, demonstrating positive festive trading performance over the period.<\/p>\n

All four key segments of the portfolio showed strong growth over the festive season.\u00a0 Commuter centres outperformed, achieving an 11.1% increase in trading density. Value centres performed strongly with 8.0% growth, while township and rural centres, which together contribute roughly 60% of the portfolio\u2019s total turnover, reporting increases of 3.7% and 2.7% respectively (versus 9.6% and 5.9% in December 2024). Urban centres delivered a 3.7% uplift.<\/p>\n

Retail categories with the most significant turnover growth in December were women\u2019s wear and footwear (+12.7%), fast food (+12.5%), cell phones (+9.9%), electronics (+8.7%), sports utilities\/gyms and health & beauty (+7.9%), groceries (+4.9%), unisex wear (+3.3%), home furnishings (+3.8%), and sporting & outdoor goods (+1.7%). These increases demonstrate sustained momentum across both essential and discretionary retail.<\/p>\n

In addition, Vukile\u2019s recently acquired Chatsworth Centre reported a commendable performance, delivering 5.6% growth in December and 10.5% growth in November over the same months in the previous year, driven by strong Black Friday trading.<\/p>\n

Footfall<\/strong><\/p>\n

November 2025 footfall remained stable while December 2025 footfall increased by 3.0% compared to December 2024. Commuter centres once again delivered standout performance, recording 10.4% growth in foot count.<\/p>\n

IBERIAN PORTFOLIO (Castellana Properties)<\/strong><\/p>\n

The Iberian portfolio also achieved robust performance in trading activity during November and December 2025.<\/p>\n

Spain<\/strong><\/p>\n

Turnover<\/strong><\/p>\n

Sales increased by 7.3% in November 2025 compared to November 2024, with almost all retail segments achieving growth. Top-performing categories included fashion (+12.7%), health & beauty (+7.0%) and homeware (+6.5%).<\/p>\n

December sales rose by 3.2%, with homeware leading (+10.3%), followed by health & beauty (+3.9%) and food (+3.6%).<\/p>\n

Footfall<\/strong><\/p>\n

Shopper visits in Spain increased slightly by 0.9% in November 2025 compared to the previous November, with an 8.6% rise during Black Friday week. On Black Friday itself, Castellana’s Spanish shopping centres saw a noteworthy 13.1% boost in visits.\u00a0 Excluding Bonaire, which continues its recovery from the flooding event last year, the Spanish portfolio increased by 4% in November.<\/p>\n

December 2025 footfall in the Spanish portfolio decreased slightly by 0.4%. However, when considering the full Christmas period (measured from 1 December 2025 to 6 January 2026), footfall increased by 2.0%. Excluding Bonaire, the Spanish portfolio increased by 4.3% in December.<\/p>\n

Portugal<\/strong><\/p>\n

Turnover<\/strong><\/p>\n

November 2025 sales in Portugal increased by 9.5% year-on-year, with almost all categories showing improvement. Top performing categories feature Sports & Adventure (+18.6%), Fashion (+14.1%) and Food & Beverage (+11.6%).<\/p>\n

December sales grew by 1.5%. Food & beverage was the top performer (+6.0%), followed by health & beauty (+4.2%) and leisure & entertainment (+2.9%).<\/p>\n

Footfall<\/strong><\/p>\n

In Portugal, footfall increased by 5.3% in November 2025 compared to the previous year and by 0.2% over Black Friday week, though Black Friday itself saw a slight decline of 1.8%. In December 2025, footfall in the Portuguese portfolio mirrored the Spanish trend, declining by 0.4% compared to December 2024. However, excluding Alegro Sintra \u2014 the only Portuguese asset not managed by Castellana Properties \u2014 the portfolio would have achieved a 0.7% increase.<\/p>\n","protected":false},"excerpt":{"rendered":"

FESTIVE SEASON TRADING (November & December 2025) Vukile’s South African and Iberian retail property portfolios recorded strong performance in November and December 2025, reflecting a successful Black Friday and holiday trading period. SOUTH AFRICAN PORTFOLIO Positive trading performance through November and December 2025 have reinforced the portfolio\u2019s sustainable growth and consistent value creation. Turnover November […]<\/p>\n","protected":false},"author":4,"featured_media":8829,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"footnotes":""},"categories":[9],"tags":[50,35,106,90],"class_list":["post-8949","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-members-news","tag-retail-centres-sa","tag-sa-reit-association","tag-trading-update","tag-vukile-property-fund"],"featured_image_src":{"landsacpe":["https:\/\/muddev.co.za\/sareit\/wp-content\/uploads\/2025\/11\/Laurence-Rapp-CEO-of-Vukile-Property-Fund-2025-1140x445.jpg",1140,445,true],"list":["https:\/\/muddev.co.za\/sareit\/wp-content\/uploads\/2025\/11\/Laurence-Rapp-CEO-of-Vukile-Property-Fund-2025-463x348.jpg",463,348,true],"medium":["https:\/\/muddev.co.za\/sareit\/wp-content\/uploads\/2025\/11\/Laurence-Rapp-CEO-of-Vukile-Property-Fund-2025-300x200.jpg",300,200,true],"full":["https:\/\/muddev.co.za\/sareit\/wp-content\/uploads\/2025\/11\/Laurence-Rapp-CEO-of-Vukile-Property-Fund-2025.jpg",2405,1604,false]},"_links":{"self":[{"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/posts\/8949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/comments?post=8949"}],"version-history":[{"count":0,"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/posts\/8949\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/media\/8829"}],"wp:attachment":[{"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/media?parent=8949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/categories?post=8949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/tags?post=8949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}