R/€ = 14.95Change: 0.04
R/$ = 14.03Change: 0.06
Au 1078.25 $/ozChange: 2.19
Pt 846.50 $/ozChange: 4.00
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?

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 About Us
RSS Feed
Article   Comments   Other News   Research   Magazine  
Jun 15, 2012

Dipula outlines R330m retail investment plan

Blouberg Plaza|Bochum|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
Gauteng Premier David Makhura
Government is aiming for Gauteng to become a seamlessly integrated, economically inclusive, socially cohesive and locally competitive province, Premier David Makhura said at the Gauteng City Region Spatial Planning Summit, in Johannesburg, on Tuesday. The summit was...
Article contains comments
Drilling under way on the Free State property
Alternative energy investment holding company Renergen expects its natural gas venture in the Free State to begin producing revenues during early 2016 when a bus company starts using its gas to operate a new fleet of compressed natural gas (CNG) vehicles, which will...
A 100 m, R80-million underpass, which joins the two sites of the 1 900 ha mixed-development Riverfields, was officially opened by Ekurhuleni mayor Mondli Gungubele on Friday. Construction on the 7-m-high bridge started in 2014 and took about 19 months to complete....
Latest News
Maurice Radebe
Imported liquefied natural gas (LNG) is expected to initiate the greater use of gas in South Africa’s currently coal-dominated electricity generation. Anticipated is the establishment of infrastructure at South African ports, such as Saldanha Bay, Coega or Richards...
As South Africa battles water restrictions precipitated by the El Niño phenomenon, aged infrastructure, above-average temperatures, below-average rainfall and climate change, industry stakeholders have called for a collaborative water stewardship approach that will...
Recent Research Reports
Water 2015: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2015 Report considers the aforementioned issues, not only in the South African context but also in the African and global context in terms of supply and demand, water stress and insecurity, and access to water and sanitation, besides others.
Input Sector Review: Pumps 2015 (PDF Report)
Creamer Media’s 2015 Input Sector Review on Pumps provides an overview of South Africa’s pumps industry with particular focus on pump manufacture and supply, aftermarket services, marketing strategies, local and export demand, imports, sector support, investment...
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
Road and Rail 2015: A review of South Africa's road and rail sectors (PDF Report)
Creamer Media’s Road and Rail 2015 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail infrastructure and network, the funding and maintenance of these respective networks, and...
Defence 2015: A review of South Africa's defence sector (PDF Report)
Creamer Media’s Coal 2015 report examines South Africa’s coal industry with regards to the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the...
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,...
This Week's Magazine
Additive manufacturing, better known as 3D printing, has the potential to completely change the relationships between individual consumers, professional designers and manufacturers. So argued Loughborough University Reader in Computer Aided Product Design Dr Ian...
Airbus Defence and Space: Military Aircraft has highlighted that its A330 Multirole Tanker Transport (MRTT) has significant commonalities with the Airbus A330-200 commercial airliner, upon which it is based. The South African Air Force (SAAF) once operated a fleet of...
Financial services provider Nedbank launched the second edition of its Carbon Footprinting Guide earlier this month, which is aimed at demystifying carbon footprint approaches and help readers grasp the main concepts of carbon measuring, monitoring, reporting and...
This year marks the thirtieth anniversary of Caterpillar’s first backhoe loader. This also coincides with the worldwide release of its latest-generation F2 series backhoe loader, which was launched at supply chain services company Barloworld Logistics’ Big Dig Day in...
BARRY DWOLATZKY The CPD programme provides advanced skills required locally, and provides a stepping stone to Wits University’s Master of Engineering degree in software engineering
A shortage of software engineers is leading to fewer information technology (IT) projects in private and public sector organisations. This also places a dampener on the economy, as IT is an integral part of business and civil service, says University of Witwatersrand...
Alert Close
Embed Code Close
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
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