Investec Property Fund continues to deliver consistent growth in distribution and assets.

Monday, 30 March 2015 15:04

Sam Leon

Sam Leon is a Non-Executive Director of Investec Property Fund.

Published in Property Leader

Share price of Investec Australia Property Fund rallies 6% over the past six weeks as the rand hedge property stock continues to deliver on its growth promises. 

Investec Property Fund delivers consistently strong asset and distribution growth

The Investec Property Fund announces the acquisition of a portfolio of five properties from Investec Property for a total purchase price of R871 million at a yield of 8.25%.

When the Investec Property Fund (IPF) listed on the JSE in April 2011 the portfolio included only four retail properties worth R174 million.

Investec Property Fund ("IPF") announces the acquisition of Dihlabeng Mall in Bethlehem in the Eastern Free State ("Bethlehem Acquisition") and the Foschini Building in the Johannesburg inner city ("Foschini Acquisition).

Investec Property Fund ("the Fund") delivers second half distribution growth of 8.6%, resulting in full year growth of 8.2% while simultaneously growing its asset base by 45% via quality acquisitions of R 1,7 billion.

Investec Property Fund announces the conclusion of two major office portfolio acquisitions, namely the Nicol Main and the RPP portfolios announced late last year.

Thursday, 21 November 2013 09:32

Investec Property Fund on the acquisition trail

The Investec Property Fund announced a 7.7% increase in its interim distribution to 50.46 cents per share ("cps") for the six months ended 30 September 2013.

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