The Competition Commission has given the green light to Dipula Income Fund’s acquisition of three shopping centres for a combined investment of nearly R330 million.

The transaction comprises R179,5 million for the 25,700sqm The Plaza Shopping Centre in Phuthaditjhaba, Free State; R46,2 million for the 6,000sqm Randfontein Station Shopping Centre, in Gauteng; and R104,2 million for the 14,700sqm…

New Age: Dipula expands rural footprint (PDF 203.6 KB)

Nedbank yesterday announced that it has partnered with Dipula Income Fund to acquire three plazas in Polokwane and Kwazulu-Natal, aiming to give customers in rural areas a new retail experience.

Commercial and Industrial Property News: Dipula acquisition (PDF 371.4 KB)

Dipula Income Fund intends to invest nearly R330 million to purchase three shopping centres.

Business Day: Nedbank helps Dipula buy shopping centres (PDF 95.6 KB)

Nedbank Corporate Property Finance has agreed to help finance Dipula Income Fund’s acquisition of three shopping centres serving rural consumers in Polokwane and KwaZulu-Natal.

Financial Mail: Winners & Losers (PDF 304.0 KB)

WINNER: Izak Petersen Dipula Income Fund’s CEO is delivering on his growth promises.

Financial Mail: Mall migration (PDF 581.2 KB)

What do Lephalale, Mahwelereng, Jozini, Bochum, Burgersfort, Mthatha, Phuthaditjhaba, Secunda, Bushbuckridge and Khayelitsha have in common?

Business Day: Dipula’s losses (PDF 19.1 KB)

Dipula Property Fund’s headline loss per share would narrow by 10.4% to 4.37c, it said in a statement on the pro forma financial effects of acquiring the Plaza Shopping Centre, Randfontein Shopping Centre and Bushbuck Centre.

Business Day: Dipula deal still on (PDF 18.6 KB)

Dipula Property Fund yesterday said it was still finalising the acquisition of Plaza Shopping Centre, Randfontein Station Shopping Centre and Bushbuckridge Shopping Centre from Old Mutual’s Ideas Fund.

Journal of Facilities Management: Fund delivers on its forecast (PDF 169.3 KB)

Positive financial performance has been instrumental in meeting rental-income targets, greater operating-expense efficiencies and effective interest rate management.