Dipula boosts its property assets to more than R4 billion

March 22, 2013

Dipula Income Fund announced today that it will acquire six properties in a single transaction for a combined R559 million, in yet another successful acquisition for the JSE-listed property company.

Dipula, through its subsidiary Mergence Africa Property Fund Investment Trust, signed agreements to acquire Shoprite Pretoria North from Capital Property Fund, Ziyabuya Shopping Centre and Gezina Galleries from Pangbourne Properties Limited, Blackheath Pavilion…

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SA listed property sector set to grow in 2013

January 28, 2013

All-in returns of between 10% and 15% are on the cards for the listed property sector in 2013, says Dipula Income Fund CEO Izak Petersen.

According to Petersen, the year ahead will see continued pressure on commercial property owners and occupants from administered prices and municipal charges. “Slow economic growth will continue and, as a result, rental growth will be modest,” says Petersen. “However,…

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