April 6, 2018 / 8:38 AM / 16 days ago

BRIEF-Investec Australia Property Fund Says To Buy Warehouse & Distribution Property

April 6 (Reuters) - Investec Australia Property Fund :

* CONTRACT WITH LOGOS PROPERTIES FOR HYDRIVE NO.1 TRUST TO BUY WAREHOUSE, DISTRIBUTION FACILITY FOR AUD 19.5 MILLION

* DEAL PRICE, COSTS TO BE FUNDED BY SYNDICATED DEBT FACILITY WITH WESTPAC BANKING, AUSTRALIA AND NEW ZEALAND BANKING

* ACQUISITION IS ACCRETIVE TO FUND FROM A DISTRIBUTION PERSPECTIVE Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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