Thursday, 21 November 2013 09:32

Investec Property Fund on the acquisition trail

The Investec Property Fund announced a 7.7% increase in its interim distribution to 50.46 cents per share ("cps") for the six months ended 30 September 2013.

There's no doubt that the roll-out of the Gautrain has been a success in providing safe, quick and convenient means of transport to and from the workplace, and according to the Gautrain website, since the opening of Park Station in Rosebank there has been a dramatic increase in the demand for the Gautrain and its bus services.

Investec Property Fund (“IPF”) announces the acquisition of a new portfolio of seventeen properties for an aggregate consideration of R571,570,319.

Investec Property Australia, a division of Investec Bank (Australia) Limited, is pleased to announce its intention to list Investec Australia Property Fund (“IAPF”) on the Johannesburg Stock Exchange (“JSE”).  

Over the last three months Investec Property Fund (“IPF”) has secured new leases for premises within its industrial portfolio, totalling approximately 60,000m2.  

Investec Property Fund has entered into agreements to acquire nine properties with an aggregate value of R452.9 million 

Private placement 'fatigue' has been partly blamed for the sharp sell-off in property stocks over the past two weeks.

South Africa’s listed property sector finally succumbed to a weaker Rand, higher bond yields and ‘private placement fatigue’ during the week ending 24 May 2013.

Property portfolio value increased to R4.2 billion, doubling in the year under review (FY12 R2.1 billion) 

Investec Property Fund (“IPF”) today announced the acquisition of five properties for a total consideration of R318 million. 

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