Dipula Properties has acquired five assets totalling approximately R700 million including the 24 000m² community shopping centre Protea Gardens in Soweto.

“Protea Gardens Mall is an excellent strategic fit for Dipula with embedded growth and value unlock potential, underpinned by quality tenants and a growing consumer market,” says Dipula’s CEO Izak Petersen.

The REIT has announced that it has concluded terms for two retail additions; the 4 600m² Woolworths Gezina, which sits adjacent to its Gezina Galleries, will be incorporated into the existing centre and separately, land adjacent to the 15 000m² Tower Mall in Jouberton.

In addition, Dipula has concluded terms for two industrial properties; the 6 964m², multi-tenanted Airborne Industrial Park near OR Tambo International and a modern logistics development, Abland DC, spanning +16 000m².

The deals are subject to standard conditions precedent with transfers anticipated to take place between September and November 2025.