Dipula announces capital raise of 32% oversubscribed

Izak Petersen Dipula
Izak Petersen, CEO of Dipula Income Fund.

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.