Dipula capital raise 32% oversubcribed

Posted On Wednesday, 11 April 2018 23:13 Published by
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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

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