Edition:
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Investec Australia Property Fund (IAPJ.J)

IAPJ.J on Johannesburg Stock Exchange

1,603.00ZAc
11 Oct 2019
Change (% chg)

-28.00 (-1.72%)
Prev Close
1,631.00
Open
1,595.00
Day's High
1,628.00
Day's Low
1,590.00
Volume
260,014
Avg. Vol
655,362
52-wk High
1,632.00
52-wk Low
1,151.00

Latest Key Developments (Source: Significant Developments)

Investec Australia Property Fund Enters Agreements For Acquisition Of Three Industrial Properties
Thursday, 26 Sep 2019 

Sept 26 (Reuters) - Investec Australia Property Fund ::IAP ENTERED INTO AGREEMENTS FOR ACQUISITION OF THREE INDUSTRIAL PROPERTIES FOR A TOTAL CONSIDERATION OF AUD81 MILLION.ACQUISITIONS OFFER RETURN PROFILE WITH AN INITIAL YIELD OF 7.3% AND CONTRACTED ANNUAL RENTAL GROWTH OF OVER 3%.LAUNCHED A FULLY UNDERWRITTEN PLACEMENT OF 55.6 MILLION NEW UNITS TO RAISE A$84 MILLION AT A$1.52 PER NEW UNIT.IAP REAFFIRMS GUIDANCE FOR FY20 FFO PER UNIT FORECAST OF 9.57 CENTS; AND FY20 DISTRIBUTION PER UNIT OF 8.88 CENTS.FUNDS RAISED UNDER PLACEMENT WILL BE USED TO FUND ACQUISITIONS AND PART OF ASSOCIATED TRANSACTION COSTS.  Full Article

Investec Australia Property Says Bookbuild Oversubscribed, Raised A$102 Mln
Friday, 17 May 2019 

May 17 (Reuters) - Investec Australia Property Fund ::INVESTEC AUSTRALIA PROPERTY FUND - BOOKBUILD OVERSUBSCRIBED AND RAISED APPROXIMATELY A$102 MILLION.INVESTEC AUSTRALIA PROPERTY FUND - PROCEEDS OF OFFER WILL BE USED TO REPAY DEBT AND TO PAY COSTS ASSOCIATED WITH OFFER.INVESTEC AUSTRALIA PROPERTY FUND - INVESTEC PROPERTY FUND WILL SELL 45 MILLION UNITS IT HOLDS IN FUND TO CERTAIN INSTITUTIONAL INVESTORS.INVESTEC AUSTRALIA PROPERTY FUND - IPF WILL CONTINUE TO HOLD 9.9% OF FUND ON COMPLETION OF OFFER AND IPF SALE.INVESTEC AUSTRALIA PROPERTY FUND - IPF CONFIRMED THAT IT HAS NO CURRENT INTENTION TO REDUCE UNITHOLDING IN FUND FOLLOWING COMPLETION.  Full Article

Investec Australia Property Fund Announces Acquisition Of New Property
Tuesday, 12 Mar 2019 

March 12 (Reuters) - Investec Australia Property Fund ::ACQUISITION OF NEW PROPERTY.PROPOSED DEAL FOR AUD 29,750,000.ACQUISITION IS ACCRETIVE TO FUND.ENTERED INTO & COMPLETED CONTRACT FOR SALE WITH WESTTECH HOLDINGS PTY TO BUY OFFICE BUILDING AT 24 WORMALD STREET.PURCHASE CONSIDERATION IS AUD 29,750,000 WHICH REPRESENTS AN INITIAL PASSING YIELD OF 6.93%.PURCHASE CONSIDERATION, TRANSACTION COSTS FUNDED THROUGH EXISTING SYNDICATED DEBT FACILITY.  Full Article

Investec Australia Property Fund HY Headline Earnings Per Unit 5.34 Cents
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - Investec Australia Property Fund ::HY HEADLINE EARNINGS PER UNIT 5.34 CENTS.DISTRIBUTION GROWTH GUIDANCE FOR FULL YEAR ENDED 31 MARCH 2019 IS EXPECTED TO BE MAINTAINED AT 2.0% TO 2.5%.  Full Article

Investec Australia Property Fund ‍announces launch of an equity raising of about 330 mln rand​
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - INVESTEC AUSTRALIA PROPERTY FUND :‍ANNOUNCES LAUNCH OF AN EQUITY RAISING OF APPROXIMATELY R330 MILLION​.‍ONLY PUBLIC MAY PARTICIPATE IN GENERAL ISSUE FOR CASH​.  Full Article

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