Following the recent announcement by the Investec Property Fund (“IPF”) of new acquisitions totaling R1.9 billion and the intention to finance these acquisitions through the issue of new IPF units, the recent declaration announcement confirms IPF’s plans to take advantage of the strong equity markets and demand for its share with a R1.5 billion rights offer

The Investec Property Fund has expanded its retail portfolio with the R105 million acquisition of the Nonquebela Link Mall in Khayelitsha, Western Cape from Bakoro Capital Partners Proprietary Limited.