Dipula Income Fund

Smaller property funds takeover frenzy

THERE could be consolidation at the lower end of the listed property sector according to market commentators.

Dipula unit holders gain on positive results

Black-managed JSE-listed REIT which has a property portfolio worth R5.7bn, Dipula Income Fund on Wednesday increased its distributable income to unit holders.

Dipula's results trump its forecasts, but faces takeover challenges

Dipula Income Fund one of SA’s black-owned and managed, bowed out on Wednesday with record results that saw full year distribution growth of 7.2%‚ exceeding initial forecasts‚ as the value of its property portfolio grew and rental income rose.

Dipula absorbs six shopping centres for R425m

Dipula Income Fund has acquired 6 shopping centres from Redefine Properties for a consideration of R425-million, 25% of which will be settled in cash and the balance in Dipula A and B linked units.

BRIEF-Dipula disposes some of its non-core properties

Dipula Income Fund on Tuesday said it had concluded agreements to sell 13 properties for a total purchase consideration of R51.8 million, which will be used to reduce debt.

Portfolio potential helps lift Dipula distributions

PROPERTY loan stock company, Dipula Income Fund yesterday reported distribution growth of 5% for A linked units and 8.5% for B linked units for its six-month period ended February 2014.

Listed Property Sector a hive of activity as Companies bid for more

Another sign that the JSE listed property sector is undergoing a significant level of consolidation, South Africa’s biggest real-estate giant, Growthpoint Properties, has made an offer for stakes in Acucap Properties and Sycom Property Fund in a R4.66bn deal.

Delta Property Fund to acquire Tembisa Mega Mart for R240m

Delta Property Fund had concluded an agreement to acquire Tembisa MegaMart, which is under construction, from Realty Dynamix 107 for R240 million in cash.

Arrowhead Properties buys stake in Dipula

In a further sign that the JSE listed property sector is undergoing a significant level of consolidation, Arrowhead Properties has taken out 34,5 million Dipula Income Fund B linked units from Investec Asset Management in a deal confirmed on Wednesday.

Dipula adds R316m Gillwell Taxi Retail Park to portfolio

Dipula Income Fund (DIA) said on Wednesday that it had agreed to acquire the Gillwell Taxi Retail Park development in the East London CBD, for R316 million.

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