Dipula secures accretive retail portfolio acquisition alongside successful equity raise

Dipula Properties today announced it has agreed to acquire a portfolio of shopping centres from Moolman Group and its co-investors in a R2bn transaction that is accretive from day one and advances the company’s focused growth strategy. Dipula’s most valuable transaction to date strengthens its national retail presence and enhances portfolio diversification, adding nine assets across four provinces. It also brings to 14 assets and R3bn, the total acquisitions by Dipula over the past 12 months as it continues to execute its strategy of disciplined, targeted, value-accretive growth.