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...

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