Edition:
India

Investec Property Fund Ltd (IPFJ.J)

IPFJ.J on Johannesburg Stock Exchange

751.00ZAc
7:31pm IST
Change (% chg)

-21.00 (-2.72%)
Prev Close
772.00
Open
801.00
Day's High
820.00
Day's Low
730.00
Volume
412,239
Avg. Vol
661,227
52-wk High
1,650.00
52-wk Low
601.00

Latest Key Developments (Source: Significant Developments)

Investec Property Fund Says Board Has Resolved To Delay Declaration Of FY20 H2 Dividend Until 29 Sept 2020
Thursday, 10 Sep 2020 

Sept 10 (Reuters) - Investec Property Fund Ltd ::INVESTEC PROPERTY FUND LTD - BOARD HAS RESOLVED TO DELAY DECLARATION OF FY20 H2 DIVIDEND UNTIL 29 SEPTEMBER 2020.INVESTEC PROPERTY FUND LTD - FUND'S LTV WILL REDUCE TO C. 37%, PRIOR TO ANY FURTHER FY20 DIVIDEND DECLARATION.INVESTEC PROPERTY FUND- TARGETED LTV REMAINS 30-35%, BOARD IN PROCESS OF ASSESSING FURTHER OPTIONS IN ACHIEVING THIS STATED TARGET OVER MEDIUM TERM.  Full Article

Investec Says Coronation Asset Management's Beneficial Interest In Fund Increased To 15.10%
Monday, 20 Jul 2020 

July 20 (Reuters) - Investec Property Fund Ltd ::INVESTEC PROPERTY FUND - CORONATION ASSET MANAGEMENT HAS INFORMED FUND THAT ITS BENEFICIAL INTEREST IN FUND INCREASED TO 15.10%.  Full Article

Investec Property Fund Defers Final Dividend Decision To Early September
Friday, 17 Jul 2020 

July 17 (Reuters) - Investec Property Fund Ltd ::INVESTEC PROPERTY FUND LTD - FULL IMPACT OF OUTBREAK HAS MANIFESTED ITSELF IN FUND'S Q1 2021 PERFORMANCE.INVESTEC PROPERTY FUND LTD - REFINANCING OF PEL PLATFORM DEBT HAS BEEN SPLIT INTO REFINANCING OF TWO SEPARATELY COLLATERALISED PORTFOLIOS OF ASSETS.INVESTEC PROPERTY FUND LTD - PEL PORTFOLIO HAS BEEN LESS IMPACTED BY COVID-19 PANDEMIC.INVESTEC PROPERTY FUND LTD - IPF HAD NOT DECLARED A FINAL DIVIDEND IN RESPECT OF 2020 FINANCIAL YEAR DUE TO UNCERTAINTY CAUSED BY COVID-19 PANDEMIC.INVESTEC PROPERTY FUND LTD - IT IS ANTICIPATED THAT LEASING ACTIVITY WILL LIKELY BE SLOWER THAN INITIALLY ANTICIPATED.INVESTEC PROPERTY FUND LTD - BOARD HAS RESOLVED TO FURTHER DEFER FINAL DIVIDEND DECISION TO EARLY SEPTEMBER 2020.INVESTEC PROPERTY FUND LTD - FY20 FINAL DIVIDEND DECISION DEFERRED TO SEPTEMBER 2020.  Full Article

Investec Property Fund Announces Recycling Of Proceeds From Sale Of Two Retail Assets Into Offshore Platforms
Monday, 27 Jan 2020 

Jan 27 (Reuters) - Investec Property Fund Ltd ::RECYLING OF PROCEEDS FROM THE DISPOSAL OF TWO SOUTH AFRICAN RETAIL ASSETS INTO OFFSHORE PLATFORMS.CONCLUDED SEPARATE SALE AGREEMENTS, TO DISPOSE OF ITS UNDIVIDED SHAREHOLDING IN TW PROPERTIES.CONCLUDED SALE AGREEMENT TO DISPOSE OF ITS UNDIVIDED SHAREHOLDING IN BOITEKONG MALL IN WHICH FUND OWNED A 70.0% INTEREST.CONCLUDED SALE AGREEMENT TO DISPOSE MUSINA MALL IN WHICH FUND OWNED A 66.7% INTEREST.CASH DISPOSAL PROCEEDS FOR PROPERTIES R727 MILLION EQUATES TO BLENDED EXIT YIELD OF 8.5%, MARGINAL DISCOUNT TO BOOK VALUE OF 3%.  Full Article

Investec Property Fund Announces Sale Of 45 Mln Investec Australia Property Fund Units
Monday, 20 May 2019 

May 20 (Reuters) - Investec Property Fund Ltd ::JSE: IPF - SALE OF 45 MILLION INVESTEC AUSTRALIA PROPERTY FUND UNITS.INVESTEC PROPERTY FUND LTD - PROCEEDS OF SALE WILL BE UTILISED TO FURTHER DELEVER FUND'S BALANCE SHEET AND/OR BE DEPLOYED INTO PAN-EUROPEAN STRATEGY.INVESTEC PROPERTY FUND - OFFER WAS OVERSUBSCRIBED SUCH THAT FUND DISPOSED OF 45 MILLION IAPF UNITS TO INSTITUTIONAL INVESTORS, AT A$1.32 PER UNIT.INVESTEC PROPERTY FUND - DIVIDEND GUIDANCE FOR FINANCIAL YEAR ENDING 31 MARCH 2020, REMAINS UNCHANGED.INVESTEC PROPERTY FUND LTD - FUND WILL RECEIVE GROSS CASH PROCEEDS OF ABOUT A$59.4 MILLION IN RESPECT OF SALE, ON OR ABOUT 27 MAY 2019.  Full Article

Investec Property Fund Says Board Approves Resolution For Financial Assistance To Unit
Monday, 4 Mar 2019 

March 4 (Reuters) - Investec Property Fund Ltd ::BOARD APPROVED A RESOLUTION ON 11 FEBRUARY 2019.RESOLUTION FOR FINANCIAL ASSISTANCE TO UNIT TO SATISFY SOME CONDITIONS OF FINANCE AGREEMENTS.CONFIRMED THAT IT IS SATISFIED THAT AFTER PROVIDING FINANCIAL ASSISTANCE, CO WOULD SATISFY SOLVENCY AND LIQUIDITY TEST.  Full Article

Investec Says Adopted Proactive Engagement Approach With Edcon
Monday, 4 Mar 2019 

March 4 (Reuters) - Investec Property Fund Ltd ::JSE: IPF - EDCON UPDATE.INVESTEC PROPERTY FUND LTD - ADOPTED A PROACTIVE ENGAGEMENT APPROACH WITH EDCON AND WILL BE A PARTICIPATING LANDLORD TO RESTRUCTURE.INVESTEC PROPERTY FUND LTD - SHOULD RESTRUCTURE BECOME EFFECTIVE, FUND WILL RECEIVE REDUCED RENTAL INCOME FROM EDCON FOR A PERIOD OF TWO YEARS.INVESTEC PROPERTY FUND LTD - RESTRUCTURE HAS NO IMPACT ON FUND'S DISTRIBUTION GUIDANCE FOR YEAR ENDING 31 MARCH 2019.INVESTEC PROPERTY FUND-ELECTED TO CONTRIBUTE TO EDCON RESTRUCTURE VIA REDUCED RENTAL OPTION; REDUCTION IN RENTAL INCOME TO BE ABOUT R9.8 MILLION/ANNUM.  Full Article

Investec Property Fund HY HEPS Of 129.07 Cents
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - Investec Property Fund Ltd ::HY HEPS 129.07 CENTS.  Full Article