Investec Australia Property Fund (“IAPF” or the “Fund”) today announced its intention to undertake a partially underwritten rights offer to raise up to ZAR 690 million through the issue of 59,566,747 new units in the ratio of 23.54653 new units for every 100 units held.

Investec Australia Property Fund (“IAPF” or the “Fund”) today announced the acquisition of an A-grade nine storey office building with ground floor retail in Newcastle for $56.7 million.