Dipula Income Fund has announced the results of its book build in which it successfully raised approximately R790 million.
CEO Izak Petersen commented:
“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.
“The capital will enable us to continue realising our strategy of growing our fund through strategic acquisitions” concluded Petersen.