Graeme Katz is the Executive Director of Investec Australia Property Fund.

Richard Longes is Chairman and Independent Non-Executive Director of Investec Property Fund Limited.

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.

JSE's R249bn listed property sector delivers a muted 7.3% total return for the first 11 months of this year, some way off the 17.92% achieved by the All Share index over the same time.

Investec Property Fund says it is launching an accelerated offering of shares to raise up to R500m.