Delta Property Fund Limited’s bookbuild aimed at raising R400m to fund acquisitions was oversubscribed as it received bids for a total value of approximately R523 million.

Delta Property Fund Limited to raise R400m through Accelerated Book Build to fund acquisitions through the issue of new shares to successful participants.

Tembisa Mega Mart development in Gauteng has a new buyer in the form of Delta Property Fund‚ after a previous deal to acquire the township mall failed.

Dipula Income Fund accepts Tembisa Mall acquisition cancellation

By November 2013, the fast-growing community of Tembisa in the East Rand will enjoy convenient access to a host of national stores and local retailers, thanks to the development of the Tembisa MegaMart, for which Nedbank is providing  R238 million funding.

Continuing its aggressive portfolio growth, Dipula Income Fund announced it intends to acquire three retail properties for R268 million.