JSE-listed property investor buys six shopping malls as part of R2 billion deal

• The Competition Commission will recommend that the Competition Tribunal approve the R2 billion deal for Dipula to acquire six shopping malls from the Moolman Group.
• The six shopping malls are spread across four provinces and include Lephalale Mall in Limpopo, Sasolburg Mall, City Centre Polokwane, Game Centre Vryburg, Great North Plaza, and Rand Steam Shopping Centre.
• Dipula expects to enhance income across the acquired assets through active asset management and the positive operational leverage created with its internal property management platform.