Dipula capital raise 32% oversubcribed

Posted On Wednesday, 11 April 2018 23:13 Published by
Rate this item
(0 votes)

JSE diversified REIT - Dipula Income Fund (Dipula) – yesterday announced the results of its successful bookbuild in which it raised approximately R790 million.

Izak_Petersen

CEO Izak Petersen says: “We were very pleased with the capital raise as we had aimed to raise R600 million and were approximately 32% oversubscribed.”

The capital is intended to fund the acquisition of a R1.25 billion portfolio as announced in March. The acquisition portfolio comprises retail, office and industrial properties with a GLA of 340 221m².

Petersen concludes: “The capital will enable us to continue realising our strategy of growing our fund through strategic acquisitions.”

Last modified on Tuesday, 17 April 2018 14:34

Most Popular

Vukile transforms Pinetown’s first shopping centre, Pine Crest, into the first choice for shopping

Jul 25, 2019
 ITUMELNG MOTHIBELI
The renovated new Pine Crest launched today after an innovative R200m, 14-month…

Successful construction of CrestAquarium by Concor Buildings

Jul 25, 2019
 CRESTAQUARIUM 1
The indoor CrestAquarium at Cresta Shopping Centre allows shoppers to view more than 30…

The next wave of property development in Africa is coming

Jul 31, 2019
 NIYI ADELEYE
The past decade has seen South African property developers and investors forge their way…

Sandton Central’s private sector green building leadership contributes to better public spaces

Jul 25, 2019
 ELAINE JACK
From 2010, when Nedbank completed its headquarters on the corner of Rivonia Road and…

Centurion Mall, Redefine’s largest asset after comprehensive refurbishment

Jul 25, 2019
CENTURION MALL 1
The JSE-listed diversified real estate investment trust Redefine Properties today…

Please publish modules in offcanvas position.