Investec Australia Property Fund announces admission to the Official List of ASX

Company News

by Anna Napoli

Investec Australia Property Fund (ASX:IAP) has today announced its admission to the Official List of ASX following its successful IPO last week .

The property fund raised close to $102 million following an oversubscription and a successful bookbuild.

Official quotation of Investec securities is expected to commence at 12.00pm today.

The fund has over one billion worth of properties in its portfolio.

Investec says its portfolio has grown 8.2 times since listing on the Johannesburg stock exchange October 2013.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.