Dipula Income Fund is unlocking performance from its portfolio through its acquisitve portfolio growth and improvement stragety, and by driving the property management and leasing of its R4 billion portfolio to improve the long-term prospects of its properties.
Fund sees future growth with focus on strategic acquisitions, revamps and creating value.
The office sector in South Africa may still be lagging – but the segment is being driven by a growing demand for quality and prime space.
Dipula Income Fund today announced its half year results which show a 45.2% increased revenue and a 40.7% surge in net property income, while its distributable earnings were higher by 14.9% relative to the prior interim period.
The resulting distribution growth for its six-month period ended 28 February 2014 was 5% for Dipula A linked units and 8.5% for Dipula B linked units compared
The opening of Eyethu Mall will mark the beginning of a new chapter for the Orange Farm community. Not only will the new regional mall attract plenty of shoppers, the community itself will also enjoy a 10% ownership in the development, helping Orange Farm in its journey to becoming a vibrant and
Dipula Income Fund recently agreed to acquire the Gillwell Taxi Retail development in the East London CBD, situated in the Buffalo City Metropolitan Municipality of the Eastern Cape.
Retail property is expected to deliver better results to investors in 2014, with offices being the weakest commercial property sub sector this year, according to Dipula Income Fund CEO Izak Petersen.
Dipula Income Fund has recently acquired and taken transfer of four properties for a combined R265,6 million, comprising three retail centres and an office block.
Izak Petersen, CEO of Dipula says: “These properties progress Dipula’s strategy of growing with larger, quality assets in targeted areas and enhance the overall quality of our
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.
