Creating an accessible opportunity for South African investors into the Australian property market, Investec Australia Property Fund (“IAPF”) listed today on the main board of the Johannesburg 

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”).  

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

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. 

Investec Property Fund (“the Fund”) has delivered a strong set of results for the six month period to 30 September 2012, underpinned by solid property fundamentals, with the property portfolio growing 11.8%. 

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 is set to dramatically grow its portfolio from R2 billion to R3,5 billion with three significant acquisitions collectively valued at R 1.233 billion. 

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.