http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.68Change: -0.08
R/$ = 12.46Change: -0.09
Au 1165.65 $/ozChange: -6.24
Pt 1053.50 $/ozChange: -7.70
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jun 15, 2012

Dipula outlines R330m retail investment plan

Back
Blouberg Plaza|Bochum|Dipula Income Fund|Nquthu Plaza|Randfontein Station|The Plaza|Izak Petersen
||
blouberg-plaza|bochum-company|dipula-income-fund|nquthu-plaza|randfontein-station|the-plaza|izak-petersen
© Reuse this



South African-listed loan stock company Dipula Income Fund has announced it intends to invest nearly R330-million to buy three shopping centres.

CEO Izak Petersen says: “The acquisitions will further our aim to increase Dipula’s retail portfolio exposure to low-income households. These strategic acquisitions improve the quality and average size of properties in the portfolio. It will also improve the geographic spread of our portfolio.”

The investment comprises R179.5-million for the 25 700 m2 The Plaza shopping centre, in Phuthaditjhaba, in the Free State; R46.2-million for the 6 000 m2 Randfontein Station shopping centre, in Gauteng; and R104.2-million for the 14 700 m2 Bushbuckridge shopping centre, in Mpumalanga.

The acquisitions continue Dipula’s focus on portfolio growth. This is its second significant transaction since listing in August 2011. Dipula also recently bought Bochum, Blouberg Plaza and Nquthu Plaza for R250-million.

The new assets will grow Dipula’s portfolio to 181 sectorally and geographically diverse properties, valued at about R2.7-billion. The fund’s total size will now comprise 512 000 m2 of gross leasable area following the two acquisitions, with retail property being almost 57% of that.

The three shopping centres will be acquired using a minimum of 30% debt funding, with the balance being equity-funded. The transaction is still subject to various conditions, including Competition Commission approval.

Dipula is finalising the acquisition’s financial effects and, until this is announced, it has advised Dipula-linked unitholders to exercise caution when dealing in its linked units.

Edited by: Martin Zhuwakinyu
Creamer Media Senior Deputy Editor
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Construction News
Sphere Holdings CEO Itumeleng Kgaboesele
Updated 4 hours ago Black-owned investment holding company Sphere Holdings plans to raise a further R1-billion in the coming months in support of its strategy of becoming a leading black industrial enterprise, which could ultimately seek a listing on the JSE. CEO Itumeleng Kgaboesele,...
Updated 5 hours ago This eight-page brief is a synopsis of key developments in the construction industry over the past 12 months. It provides an overview of South Africa’s construction sector and includes details thereof in the public and private sectors, as well as labour and skills...
Cabinet in June approved the establishment of a Border Management Agency, to be tasked with integrating the functions of all government departments and agencies that operate at South African ports of entry, said Transport Minister Dipuo Peters on Monday. Speaking at...
More
 
 
Latest News
Updated 1 hour 20 minutes ago Bidvest Media has taken another step to establish itself as a major JSE-listed Bidvest Group subsidiary through the acquisition of a majority stake in local online communications agency Retroviral Digital Communications for an undisclosed amount. The division’s first...
Updated 4 hours ago Côte d'Ivoire signed a concession agreement on Monday with France's Bouygues and Keolis and South Korean firms Hyundai Rotem and Dongsan Engineering to build and operate an urban rail line in the commercial capital Abidjan, the government said. Côte d'Ivoire,...
Sappi CEO Steve Binnie
Updated 4 hours ago Dissolving wood pulp and paper products manufacturer Sappi and Norwegian firm Borregaard will invest R105-million on expanding the production capacity of their joint venture (JV) lignin manufacturing operation LignoTech South Africa, in KwaZulu-Natal, by 20 000 t/y....
More
 
 
Recent Research Reports
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Construction 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Electricity 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Road and Rail 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
 
 
 
 
 
This Week's Magazine
NHLANHLA NENE The main constraints to economic growth are domestic
Finance Minister Nhlanhla Nene earlier this month stated that, while South Africa’s 2015 economic growth target of 2% was achievable, it was not enough to deliver the tax revenue needed to combat the country’s challenges.
The World Steel Association has published the 2015 edition of the World Steel in Figures report, which shows an increase in steel production as well as provides an overview of steel industry activities from crude steel production to apparent steel use.
The 25-year master plan for Gauteng’s Aerotropolis project will go through a process of approval and adoption during June and July, says Aerotroplis project manager Jack van der Merwe. “We are also in the process of putting together a special purpose vehicle (SPV) to...
SOLAR PANELS The existing buildings in the Coega Industrial Development Zone lent themselves well to rooftop solar panel installations
The Coega Development Corporation (CDC) plans to fit 15 of its buildings, totalling 127 000 m2 of roof space, in the Coega Industrial Development Zone (IDZ), in the Eastern Cape, with solar panels.
The Supreme Court of Appeal’s (SCA’s) November 2014 judgment, ordering steel producer ArcelorMittal South Africa (AMSA) to hand over the 2003 Environmental Master Plan for its Vanderbijlpark steel plant to environmental pressure groups, confirmed the right of civil...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96