Dipula's strategic investment in trailblazing Eyethu Orange Farm Mall.

Monday, 22 September 2014 13:45

Eyethu Orange Farm Mall opens 28 October 2014

Eyethu Orange Farm Mall is set to open on 28 October 2014 and is raising the bar in socially innovative retail real estate development in South Africa – it is 10% owned by its community.

Continuing its strategic growth, Dipula Income Fund today announced it will acquire a portfolio of six rental income producing retail properties from Redefine Properties for R425 million.

Keeping a sharp eye on its growing property portfolio is set to drive Dipula's performance for investors.

Dipula Income Fund has recently acquired and taken transfer of four properties for a combined R265,6 million, comprising three retail centres and an office block.

Retail property is expected to deliver better results to investors in 2014 with offices being the weakest commercial property subsectors this year, according to Dipula Income Fund CEO Izak Petersen.

Dipula Income Fund today announced that it has agreed to acquire the Gillwell Taxi Retail Park development in the East London CBD, situated in the Buffalo City Metropolitan Municipality of the Eastern Cape province.

Dipula Income Fund today reported growth of 7.0% in combined A- and B-linked distributions for the year ended 31 August 2013, delivering on its guidance to investors.

Tower Mall opened on the 25 October 2013 in the growing Jouberton, City of Matlosana, bringing 15,400sqm of quality retail to this community and consumers in the surrounding western suburbs of Klerksdorp.

Dipula Income Fund’s newly developed 15,400sqm Tower Mall in the growing Jouberton and surrounds western in Klerksdorp, City of Matlosana, will open on 25 October 2013, virtually fully let. 

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