Dipula 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…

Dipula Income Fund Limited (Dipula) has announced that it is anticipated to list on the JSE in the ‘Financial: Real Estate Holdings and Development’ sector, on Wednesday, 17 August 2011.

The listing will be preceded by a capital raising by way of private placement. The private placement of 98.3 million Dipula Income Fund A-linked units at R8.58 per A-linked unit and 98.3 million…

Engineering News: Dipula says listing part of acquisitive growth (PDF 96.0 KB)

Property loan stock company Dipula Income Fund has listed on the JSE in the ‘Financial: Real Estate Holdings and Development’ sector.

Dipula Income Fund, which is anticipated to list on the JSE soon, has announced a Board of Directors which encompasses an impressive depth of relevant expertise and pertinent experience.

Dipula Income Fund has been established through the merger of Dipula Property Fund and Mergence Africa Property Fund. Dipula has exceptional BEE credentials and it owns a sizeable and diverse commercial property portfolio.

The full…

Two of South Africa’s prominent commercial property companies are set to merge and establish a sizeable, diverse commercial property fund with exceptional BEE credentials.

The planned merger of Dipula Property Fund and Mergence Africa Property Fund will create a R1,4 billion property portfolio spanning some 320,000sqm gross lettable area and serving in excess of 500 tenants throughout South Africa.

The country’s first…

Property loan stock Dipula Income Fund today listed on the JSE Limited, under the Real Estate Holdings and Development sub-sector.

Prior to listing Dipula raised nearly R1,4-billion through a successful private placement.

“The listing of Dipula has provided an opportunity for investors to participate in a unique high-yield income fund which offers an A and B unit structure, with excellent BEE credentials thanks to a black-owned…

Engineering News: Emerging property funds says commercial sector is rebounding (PDF 85.0 KB)

The Dipula Income Fund, which aims to list on the JSE this year, secured over R85-million in commercial property leases during the first quarter of 2011, which resulted in a positive impact on the company’s rental income streams and occupancy levels.