Sept 26 (Reuters) - Investec Australia Property Fund (IAP) :
- IAP ENTERED INTO AGREEMENTS FOR ACQUISITION OF THREE INDUSTRIAL PROPERTIES FOR A TOTAL CONSIDERATION OF AUD81 MILLION
- ACQUISITIONS OFFER RETURN PROFILE WITH AN INITIAL YIELD OF 7.3% AND CONTRACTED ANNUAL RENTAL GROWTH OF OVER 3%
- LAUNCHED A FULLY UNDERWRITTEN PLACEMENT OF 55.6 MILLION NEW UNITS TO RAISE A$84 MILLION AT A$1.52 PER NEW UNIT
- IAP REAFFIRMS GUIDANCE FOR FY20 FFO PER UNIT FORECAST OF 9.57 CENTS; AND FY20 DISTRIBUTION PER UNIT OF 8.88 CENTS
- FUNDS RAISED UNDER PLACEMENT WILL BE USED TO FUND ACQUISITIONS AND PART OF ASSOCIATED TRANSACTION COSTS
Source text http//reut.rs/2lRfJGu
(([email protected];))
- Forums
- ASX - By Stock
- IAP
- News: IAP Investec Australia Property Fund Enters Agreements For Acquisition Of Three Industrial...
News: IAP Investec Australia Property Fund Enters Agreements For Acquisition Of Three Industrial...
Featured News
Add IAP (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online