Lockdown stunts Dipula’s acquisitions and sales, CEO laments
Deals are difficult to finance while companies cannot operate and business people are reluctant to meet
The Covid-19 pandemic has halted Dipula Income Fund’s plans to review its portfolio, including selling its nonperforming assets, with potential buyers unable to finance deals. SA has been on lockdown for about two months, halting economic activities.
Dipula’s property portfolio of 190 properties — including offices, retail and industrial buildings — was valued at R8.9bn, an increase of 3.6%...