According to Dipula Income Fund CEO, Izak Petersen, retail property is expected to deliver better results to investors in 2014, with the office market anticipated to be the weakest commercial property subsector.
BEE- Styled Dipula Income Fund is adding to its portfolio a R316m retail development, the Gillwell Taxi Retail Park development, in East London CBD.
The mall opened in an area where the primary catchment comprised more than 250,000 people and supplied a need which had been long awaited.
Retail property is expected to deliver better results to investors in 2014 with offices being the weakest commercial property subsectors this year, according to Dipula Income Fund CEO Izak Petersen.
“The office sector will continue to experience more pressure than other sectors in 2014,” says Petersen. “While we’ve seen a fair amount of leasing in the office sector, most comes from relocating tenants and…
JSE-Listed company Dipula Income Fund announced on Wednesday that it would acquire a shopping centre development in East London’s CBD in a R316 million deal
Dipula delivers full year results on forecast and grows an improved property portfolio
Dipula Income Fund today reported growth of 7.0% in combined A- and B-linked distributions for the year ended 31 August 2013, delivering on its guidance to investors.
Dipula’s final A-linked distributions increased at a preferential 5% while its final B-linked distributions grew by 9.6%%
During…
Dipula Income Fund today announced that it has agreed to acquire the Gillwell Taxi Retail Park development in East London CBD, situated in the Buffalo City Metropolitan Municipality of the Eastern Cape province.
The developement gained planning permission in December 2013 and this transaction will become effective after the centre’s condtruction is complete, in the first half of 2015.
Dipula agreed to…
Coronation Asset Management has increased its holding of Dipula Income Fund A linked units to 55.19%.
Dipula Income Fund’s newly devloped 15 400sqm Tower Mall in the growing Jouberton and surrounds western in Klerksdorp, City of Matlosana, has opened virtually fully let. the primary catchment consists of more than 250 000 people.
