Publications
Partners
Johannesburg - Dipula Income Fund has recently acquired and taken transfer of four properties for a combined R265.6m, comprising three retail centres and an office block.
“These properties progress Dipula’s strategy of growing with larger, quality assets in targeted areas and enhance the overall quality of our portfolio,” said Izak Petersen, CEO of Dipula.
“Besides meeting our growth strategy, the acquisitions also increase our exposure to retail property, which has outperformed all other commercial property subsectors in recent years and continues to lead performance.”
Dipula’s shopping centre acquisitions include the recently opened Shoprite-anchored Tower Mall in Jouberton, North West, which was transferred in December 2013. Tower Mall is around 98% let.
In KwaZulu-Natal Dipula took transfer of Umgeni Business Centre in Durban.
This value centre is near the N2 highway in a dominant value retail node, opposite Makro Springfield.
Also in KwaZulu-Natal, Fairways on Main, a shopping centre in Howick that is anchored by Pick n Pay, transferred into Dipula’s retail property portfolio.
The 50 Hamilton Street offices in Arcadia, Pretoria, were transferred into Dipula’s portfolio in December 2013. This property is occupied by a single tenant, the Gauteng Department of Local Government and Housing, on a long lease.
Dipula’s asset base now comprises a growing portfolio of 178 commercial properties valued over R4bn.
“These properties progress Dipula’s strategy of growing with larger, quality assets in targeted areas and enhance the overall quality of our portfolio,” said Izak Petersen, CEO of Dipula.
“Besides meeting our growth strategy, the acquisitions also increase our exposure to retail property, which has outperformed all other commercial property subsectors in recent years and continues to lead performance.”
Dipula’s shopping centre acquisitions include the recently opened Shoprite-anchored Tower Mall in Jouberton, North West, which was transferred in December 2013. Tower Mall is around 98% let.
In KwaZulu-Natal Dipula took transfer of Umgeni Business Centre in Durban.
This value centre is near the N2 highway in a dominant value retail node, opposite Makro Springfield.
Also in KwaZulu-Natal, Fairways on Main, a shopping centre in Howick that is anchored by Pick n Pay, transferred into Dipula’s retail property portfolio.
The 50 Hamilton Street offices in Arcadia, Pretoria, were transferred into Dipula’s portfolio in December 2013. This property is occupied by a single tenant, the Gauteng Department of Local Government and Housing, on a long lease.
Dipula’s asset base now comprises a growing portfolio of 178 commercial properties valued over R4bn.
