Who we are

History

2005

Dipula Property Fund founded with R300 million portfolio

2010

Portfolio grows to R750 million

2011

Merger of Dipula Property Fund with Mergence Africa Property Fund to form Dipula Income Fund

Acquisition of a R709 million portfolio

Dipula lists on JSE with R1.8 billion market capitalisation

2012

Acquisition of a R254 million portfolio

2013

Acquisition of a R1.1 billion portfolio

2014

Acquisition of a R800 million portfolio

2015

Acquisition of a R680 million portfolio

Phase one of property management function internalisation

2016

Portfolio exceeds R7 billion

Revenue reaches R1 billion

2017

Average property value reaches R40 million per property from R12 million at listing

27 non-core properties sold for R295 million

2018

Internalisation of asset management

Acquired portfolio enhancing assets amounting to R1.7 billion

Disposed of non-core properties for R290 million

Consolidated the company’s operations in one location

R788 million equity and R546 million debt raised for Setso transaction

2019

Group portfolio value reaches R8.9 billion mark

Property management internalisation complete

Launched Urban Villages brand

2020

Residential portfolio grows to 226 units valued at R122 million