History
2005
Dipula Property Fund founded with R300 million portfolio
2010
Portfolio grows to R750 million
2011
Merger of Dipula Property Fund with Mergence Africa Property Fund to form Dipula Income Fund
Acquisition of a R709 million portfolio
Dipula lists on JSE with R1.8 billion market capitalisation
2012
Acquisition of a R254 million portfolio
2013
Acquisition of a R1.1 billion portfolio
2014
Acquisition of a R800 million portfolio
2015
Acquisition of a R680 million portfolio
Phase one of property management function internalisation
2016
Portfolio exceeds R7 billion
Revenue reaches R1 billion
2017
Average property value reaches R40 million per property from R12 million at listing
27 non-core properties sold for R295 million
2018
Internalisation of asset management
Acquired portfolio enhancing assets amounting to R1.7 billion
Disposed of non-core properties for R290 million
Consolidated the company’s operations in one location
R788 million equity and R546 million debt raised for Setso transaction
2019
Group portfolio value reaches R8.9 billion mark
Property management internalisation complete
Launched Urban Villages brand
2020
Residential portfolio grows to 226 units valued at R122 million
2021
Total portfolio maintained at R9 billion
Residential portfolio increases to 712 units valued at R381 million
Acquisitions of R294 million
Disposals of R102 million
2022
A-share buy-back and change of capital structure into single share
Credit rating upgrade to BBB+ (ZA) long term, A2 (ZA) short term, outlook stable
2023
ESG framework completed
Disposals of R190 million
NAV grows to R6.1 billion
Portfolio valuation grows to R9.8 billion