Investec fund seeks R850m to buy properties in Australia
Trading of shares suspended until Friday as Investec Australia Property Fund starts bookbuild
26 September 2019 - 09:57
Investec Australia Property Fund is seeking to raise R850m through issuing 55-million new units, with trading in its share suspended until Friday.
The issue price of A$1.52 (R15.36) represents a 3.8% discount to the group’s closing price on Wednesday and will be used to fund three industrial properties located in Perth, Adelaide and Darwin in Australia...
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