Latest
 
  • All Share : 49997.7871
    DOWN -2.69%
    Top40 - (Tradeable) : 44376.9997
    DOWN -2.96%
    Financial 15 : 16038.5039
    DOWN -3.06%
    Industrial 25 : 64338.9165
    DOWN -2.64%
    Resource 10 : 36822.9393
    DOWN -3.89%

  • ZAR/USD : 12.4345
    DOWN -0.23%
    ZAR/GBP : 19.1903
    DOWN -0.17%
    ZAR/EUR : 13.689
    DOWN -0.04%
    ZAR/JPY : 0.101
    DOWN -0.30%
    ZAR/AUD : 9.2678
    DOWN -0.09%

  • Gold US$/oz : 1153.08
    UNCHANGED0.00%
    Platinum US$/oz : 1037
    UNCHANGED0.00%
    Silver US$/oz : 15.07
    UNCHANGED0.00%
    Palladium US$/oz : 651.13
    UNCHANGED0.00%
    Brent Crude : 57.59
    UNCHANGED0.00%

  • All data is delayed by 15 min. Data supplied by Profile Data
    Hover cursor over this ticker to pause.

Wed Jul 08 02:07:36 SAST 2015

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 Jul 08 02:07:36 SAST 2015 ::

COMMENTS [0]