R650 million Dipula private placement is oversubscribed

November 13, 2012

JSE-listed property company Dipula Income Fund today announced the results of its significantly oversubscribed private placement of R650 million in new capital for the fund.

The private placement of approximately 38 million A-linked units and B-linked units will be issued at R10.45 per A-linked unit and R6.67 per B-linked unit. This is a discount of 0.5% to the closing price on the day before finalising the…

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Financial Mail: Gone Fishing (PDF 843 KB)

December 1, 2012

Financial Mail: Gone Fishing (PDF 843 KB)

Izak Petersen, CEO of JSE-listed Dipula Income Fund, talks to Joan Muller about his love for road trips to nowhere, fishing and growing his own veggies

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Dipula gets a R268 million boost to its assets with three new shopping centres

November 12, 2012

Continuing its aggressive portfolio growth, Dipula Income Fund today announced it intends to acquire three retail properties for R268 million.

The properties are the R169 million Tembisa Maga Mart, a 14,007sqm shopping centre development in Gauteng, the R42 million first phase Orange Farm shopping centre in Gauteng which spans 5,600sqm and the R57 million Melki Portfolio in KwaZulu-Natal of…

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Dipula delivers full year results on forecast and grows its property assets

November 14, 2012

Dipula Income Fund today reported it has met its forecast for the year ended 31 August 2012 as set out in the pre-listing prospectus.  Total distributions for the year are 79.370 cents per A-linked unit and 60.821 cents per B-linked unit.

Dipula’s total return to unitholders for the year was 30% for A-linked units and 24% for B-linked…

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