Gillwell Taxi Rank Park opens on Thursday, 12 November, and is set to be an excellent asset for its shoppers, retailers, owners and community.

Dipula Income Fund, acquirers of the R316 million Gillwell Taxi Retail Park development in the East London CBD, situated in the Buffalo City Metropolitan Municipality of the Eastern Cape Province, have confirmed construction is progressing on the new centre.

Dipula Income Fund today reported its half-year results reflecting a 33.2% growth in distributable earnings during the six-month interim period to 28 February 2015.

Dipula Income Fund plans to introduce a new capital structure, converting from complicated linked units to the simpler ordinary share structure, for both its current A and B linked units.

Slow economic growth and high operating cost inflation - especially rates and taxes, and electricity – are challenging the commercial property sector and placing strain on South African business.

Mr. Izak Smolly Petersen, BCom, PGDA, CA (SA) serves as the Chief Executive Officer at Dipula Income Fund Limited and has been its Executive Director since May 20, 2011.

Dipula Income Fund today announced it had concluded a significantly oversubscribed accelerated book build of R400 million.

Expect massive competition in the scramble for good property and tenants," says Izak Petersen, Dipula Income Fund CEO, of SA's commercial property sector in 2015.

Dipula Income Fund reports its full-year results which reflect a 16% year-on-year growth in distributable earnings to 31 August 2014.