Investec moves to list Aussie property fund in SA
Investec Bank has announced it will be listing its Investec Australia Property Fund on the Johannesburg Stock Exchange (JSE).
The company announced the move this week and said the fund was expected to list on 24 October under the Real Estate Holdings and Development sector.
Commenting on the move, Investec Australia Property Fund's non-executive director, Sam Leon, said the fund was a unique investment opportunity, offering South African investors direct exposure to the Australian property market and currency.
"The objective of the fund is to invest in high quality, sustainable and well diversified real estate in Australia," he said.
Investec Australia Property Fund's chief executive, Graeme Katz, said the Australian property market had attractive opportunities and the company was confident in the fund's ability to enhance value and deliver sustainable and long-term capital growth.
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