Izak Petersen

SA Corporate bidding war looms as Dipula cuts in on R9bn takeover

Dipula Income Fund (JSE: DIA), one of SA’s black-owned property group, has unveiled a takeover bid for SA Corporate Real Estate (JSE: SAC), saying it intended to acquire all the linked units in the company.

Dipula revenue rises 23% after Acquisition run

Black-managed JSE-listed REIT, Dipula Income Fund on Wednesday posted solid results for the six months to February this year, attributing surges in revenue and net property income to a large acquisition drive.

SA Property Sector Financial Reporting comes under spotlight

Following its worst performance in 2018, the South African REIT Association has lifted its game to a significantly higher level, as it aims to regain its reputation from financial manipulation allegations.

Dipula's property portfolio increases by 25%

Dipula Income Fund’s CEO and founder Izak Petersen said the real estate investment trust’s dividend payouts, which grew about 4.5% in the year to August 2018, would taper off in the 2019 financial year before gaining momentum again in 2020.

Dipula Income Fund grow its distribution

Dipula Income Fund manages to grow its distribution per share 8% in the year to August, attributing it to organic growth and strong asset management.

Office sector drifting

Office vacancies remain flat in South Africa suggesting that not enough new supply is coming on board, the South African Property Owner’s Association (Sapoa)’s latest vacancy report shows.

East London gets R316m Gillwell Taxi Retail Park

The R316 million Gillwell Taxi Retail Park located in East London CBD, is set to be an important asset for shoppers of Eastern Cape’s Buffalo City Metropolitan Municipality.

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.

SAPOA President Michael Deighton sets goals for year ahead

South African Property Owners Association (SAPOA) president Michael Deighton is a qualified civil engineer whose vision has contributed to changing Umhlanga Ridge Town Centre in KwaZulu-Natal.

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.

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