Dipula Income Fund boosted its distributable earnings by 44,1% year on year for the six-month interim period ended 28 February 2013 and has significantly progressed with its portfolio growth strategy.

The new R400 million Eyethu Orange Farm Mall is poised to act as a major catalyst not only for the Orange Farm and Evaton areas, but for the whole Greater Sebokeng region.

By November 2013, the fast-growing community of Tembisa in the East Rand will enjoy convenient access to a host of national stores and local retailers, thanks to the development of the Tembisa MegaMart, for which Nedbank is providing  R238 million funding.

Dipula Income Fund announced today that it will acquire six properties in a single transaction for a combined R559 million, in yet another successful acquisition for the JSE-listed property company.

All-in returns of between 10% and 15% are on the cards for the listed property sector in 2013, says Dipula Income Fund CEO Izak Petersen.

Dipula Income Fund today reported it has met its forecast for the year ended 31 August 2012 as set out in the pre-listing prospectus.  Total distributions for the year are 79.370 cents per A-linked unit and 60.821 cents per B-linked unit.

JSE-listed property company Dipula Income Fund today announced the results of its significantly oversubscribed private placement of R650 million in new capital for the fund.

Continuing its aggressive portfolio growth, Dipula Income Fund announced it intends to acquire three retail properties for R268 million.

JSE-listed property company Dipula Income Fund recently announced that it will acquire four properties for a combined R326 million, in its fourth major property acquisition since listing on the JSE in August 2011

The Competition Commission has given the green light to Dipula Income Fund’s acquisition of three shopping centres for a combined investment of nearly R330 million