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

Growthpoint takes its first South African commercial property off the municipal water grid

Jul 19, 2018
TIM IRVINE
In a groundbreaking move, Growthpoint Properties has successfully taken a sizeable South…

Tshwane Regional Mall Is Inevitable

Jul 26, 2018
TSHWANE REGIONAL MALL
The company hosted a site walkabout to showcase this majestic development meant to…

2018 South African Institute Of Black Property Practitioners(SAIBPP) annual convetion to address'The new normal' In SA property

Jul 24, 2018
Nkuli Bogopa-SAIBPP
The South African Institute of Black Property Practitioners (SAIBPP) will be hosting its…

Growthpoint shares begin trading on the A2X today

Jul 18, 2018
Norbert Sasse_Growthpoint Properties
Growthpoint Properties (Share Code: GRT) shares began trading onA2X today as it became…

Investec Property Fund announces leadership changes

Jul 30, 2018
Nick Riley
Nick Riley to assume broader leadership role within Investec Bank Limited (“IBL”), with…

Please publish modules in offcanvas position.