Dipula Income Fund concludes tactical retail property acquisition deals
December 20, 2011Dipula Income Fund (JSE:DIA/DIB) today announced the R247,8 million acquisition of three strategic retail properties.
Increasing its retail portfolio exposure to low-income households, which are expected to outperform higher-income households in terms of growth in the short- to medium-term, Dipula has concluded an agreement to acquire Bochum Plaza and Blouberg Plaza, adjacent retail centres totalling some 12,500sqm both in Bochum, Limpopo, and the 15,000sqm…