Investec Property Fund’s (IPF) decision to exit Australia and sell some SA assets to focus on the West European warehousing has enabled the company to declare a dividend for the 2020 financial period to September, despite the pandemic.

The group, which directly owns an SA portfolio worth R15.7bn, also has a R748m or 35% stake in its BEE fund, Izandla, as well as a £267m (R5.4bn) or 38% stake in a UK fund, and €1.13bn (R23.8bn) worth of exposure to European logistics and warehousing...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now