• All Share : 49386.71
    UNCHANGED0.00%
    Top 40 : 3488.52
    UNCHANGED0.00%
    Financial 15 : 15386.63
    UNCHANGED0.00%
    Industrial 25 : 61813.16
    UNCHANGED0.00%

  • ZAR/USD : 11.5912
    UP 0.18%
    ZAR/GBP : 18.1190
    UP 0.20%
    ZAR/EUR : 14.1806
    UP 0.16%
    ZAR/JPY : 0.0971
    UP 0.21%
    ZAR/AUD : 9.4445
    UP 0.10%

  • Gold : 1198.0000
    UP 0.22%
    Platinum : 1200.2000
    UP 0.44%
    Silver : 16.0150
    DOWN -0.34%
    Palladium : 808.0000
    UP 0.75%
    Brent Crude Oil : 62.140
    UP 1.24%

  • All data is delayed by 15 min. Data supplied by I-Net Bridge
    Hover cursor over this ticker to pause.

Mon Dec 22 04:45:11 SAST 2014

Property giants set to merge

I-Net Bridge | 01 February, 2011 23:200 Comments

Two of South Africa's prominent commercial property companies are to merge and establish a sizeable, diverse commercial property fund with exceptional black economic empowerment (BEE) credentials.

The planned merger of Dipula Property Fund and Mergence Africa Property Fund will create a R1.4-billion property portfolio spanning a lettable area of about 320000 m² and serving more than 500 tenants throughout SA.

The country's first full-service, black-owned property services company, Dijalo Property Services, holds the majority stake of Dipula Property Fund.

Mergence Africa Holdings, an independent black-owned and black-managed financial services company, owns the controlling interest in Mergence Africa Property Fund. JSE-listed Redefine Properties owns a stake in both.

Saul Gumede, co-founder of Dijalo Property Services, and Izak Petersen of Mergence Africa Properties, are central to the merger.

To submit comments you must first

Join the discussion & Debate

Property giants set to merge

For Commenters Consideration | Please stick to the subject matter
Mon Dec 22 04:45:11 SAST 2014 ::

COMMENTS [0]