August 11, 2017 / 9:42 AM / 10 days ago

BRIEF-Investec Property Fund says buys property worth 586.9 mln rand

Aug 11 (Reuters) - Investec Property Fund Ltd:

* INVESTEC PROPERTY FUND - HAS ENTERED INTO AGREEMENTS WITH IZANDLA PROPERTY IN TERMS OF WHICH IPF WILL SEED IZANDLA PROPERTY BY DISPOSING OF PORTFOLIO OF 17 PROPERTIES

* DEAL FOR AN AGGREGATE DISPOSAL VALUE OF R586.9 MILLION

* EFFECTIVE DATE OF TRANSACTION, SUBJECT TO FULFILMENT OF ALL CONDITIONS PRECEDENT DESCRIBED BELOW, IS 1 JUNE 2017

* INVESTEC PROPERTY FUND - TRANSACTION IS NOT EXPECTED TO RESULT IN A MATERIAL IMPACT ON IPF'S DISTRIBUTION PER SHARE FOR YEAR ENDING 31 MARCH 2018 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below