• All Share : 50316.66
    DOWN -0.38%
    Top 40 : 3723.74
    DOWN -0.41%
    Financial 15 : 15523.94
    DOWN -0.52%
    Industrial 25 : 61644.57
    DOWN -0.56%

  • ZAR/USD : 10.9977
    UP 0.46%
    ZAR/GBP : 17.2997
    UP 0.54%
    ZAR/EUR : 13.7023
    UP 0.30%
    ZAR/JPY : 0.0934
    UP 0.52%
    ZAR/AUD : 9.3481
    DOWN -0.21%

  • Gold : 1196.2300
    DOWN -0.41%
    Platinum : 1223.0000
    UP 0.25%
    Silver : 16.6050
    DOWN -0.28%
    Palladium : 798.5000
    UP 1.33%
    Brent Crude Oil : 78.590
    UP 0.33%

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

Wed Nov 26 13:13:59 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
Wed Nov 26 13:13:59 SAST 2014 ::

COMMENTS [0]