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. 

A strong argument can be made that unlike the resources sector, which has captured most of the headlines around black economic empowerment (BEE), in the listed property sector empowerment policies have worked.

Dipula Income Fund today announced that its acquisition drive has improved its rental income streams, with 14 properties valued at some R1,4 billion transferring into its portfolio in the past 14 months.

Eyethu Orange Farm Mall will result in the entire Orange Farm community holding a 10% stake in this 27,000sqm regional shopping mall, which is helping to transform the area into a flourishing central business district, and creating a valuable multi-faceted community asset.

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.

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.