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28-Nov-2017
(Official Notice)
Unitholders are referred to IAPF?s interim results for the six months ended 30 September 2017, announced on Tuesday, 14 November 2017 (?Results Announcement?). In the Results Announcement, unitholders were advised that the board of directors of the Responsible Entity (the ?Board?) was considering a distribution re-investment alternative in which a unitholder would be entitled to elect to re-invest the cash distribution (AUD4.95467 cents per unit pre withholding tax and AUD4.64211 cents per unit post withholding tax) (?Cash Distribution?) in return for units in the Fund ("Re-Investment Alternative"), failing which they would receive the Cash Distribution in respect of all or part of their unit holding.



Following careful consideration of current market conditions and pricing of IAPF units, and in light of the successful equity raise concluded on Thursday, 16 November 2017, the Board has decided not to offer the Re-Investment Alternative. Accordingly, unitholders are advised that they will receive the Cash Distribution.



As required by the JSE Listings Requirements, the Fund has entered into a forward exchange contract to convert the AUD Cash Distribution to ZAR such that unitholders are given at least one week?s notice ahead of the last day to trade of the exchange rate locked in. This is in line with the manner in which the Fund?s previous distribution payments were made and will be applied to all future distribution payments that the Fund makes.



Accordingly, unitholders are advised that the AUD Cash Distribution has been converted from AUD to ZAR at an exchange rate of AUD1.00 : ZAR10.45020. The resulting ZAR Cash Distribution is ZAR51.77729 cents per unit (pre withholding tax) and ZAR48.51098 cents per unit (post withholding tax).



The salient dates in respect of the Cash Distribution remain unchanged from those set out in the Results Announcement.
16-Nov-2017
(Official Notice)
IAPF announced that it has successfully closed its Bookbuild announced on 16 November 2017. In light of strong demand, the amount of equity raised was increased to approximately R650 million (approximately AUD60 million). At this level, the book was oversubscribed.



49 545 454 new IAPF units (?Bookbuild Units?) were placed pursuant to the Bookbuild at a price of R13.20 per Bookbuild Unit. The issue price represents a discount of 2.6% to the volume weighted average traded price of IAPF units on the JSE measured over the 30 business days ended 15 November 2017 (being the last business day prior to the date of closing of the Bookbuild) and a discount of 3.7% to the 15th of November?s closing price.



Subject to approval by the JSE, listing and trading of the Bookbuild Units is expected to commence at 09h00 on Thursday, 23 November 2017.
16-Nov-2017
(Official Notice)
With reference to the announcement released earlier today, IAPF anticipates that the quantum to be raised through the issue of new IAPF units will be approximately R650 million (approximately AUD60 million). Indicative pricing for new IAPF units to be issued is R13.20 per unit, however the Equity Raise remains subject to pricing acceptable to IAPF.



Applicants for units to be traded on the JSE are advised as follows:

* Settlement is on a T+5 cycle

* Trade date: Thursday, 16 November 2017

* Settlement date: Thursday, 23 November 2017



Investec is acting as sole bookrunner for the Equity Raise.
16-Nov-2017
(Official Notice)
IAPF hereby announces the launch of an equity raising of approximately R330 million (approximately AUD30 million) through the issue of new IAPF units (?Equity Raise?) subject to pricing acceptable to IAPF. The Equity Raise will be completed by way of IAPF?s existing general authority to issue units for cash (?the General Issue for Cash?). Only public investors (as defined in under paragraph 4.25 and 4.26 of the JSE Listings Requirements) may participate in the General Issue for Cash.



The Equity Raise will be utilised to part fund the acquisition of prime grade office property known as The Majestic Centre, located at 100 Willis Street, Wellington, New Zealand, further details of which were announced on SENS on Monday, 13 November 2017.



The Equity Raise will be offered to qualifying investors and will be implemented through an accelerated bookbuild process (?the Bookbuild?) which opens with immediate effect. The Equity Raise is not an offer to the public as contemplated under the South African Companies Act, No. 71 of 2008, as amended.



The Fund reserves the right to close the Bookbuild at any time and increase the size of the Bookbuild, subject to demand.



The new IAPF units, when issued, will be credited as fully paid and will rank pari passu in all respects with existing units of the Fund. Pricing and allocations will be announced as soon as is reasonably practicable following the closing of the Bookbuild.



Investec Bank Ltd. (?Investec?) is acting as sole bookrunner for the Equity Raise and can be contacted using the contact details included below.



14-Nov-2017
(C)
Revenue for the interim period grew to AUD36.7 million (AUD25.4 million) whilst operating profit jumped to AUD27.9 million (AUD19.8 million). Total comprehensive income attributable to equity holders shot up to AUD50.7 million (AUD21.0 million). Furthermore, headline earnings per share rose to AUD5.48 cents per unit (AUD3.46 cents per unit).



Interim distribution

Notice is hereby given of an interim distribution declaration number 8 of:

* AUD4.95467 cents per unit pre WHT; and

* AUD4.64211 cents per unit post WHT,

for the six months ended 30 September 2017. Withholding tax of AUD0.31256 cents per unit will be withheld from the distribution paid to non-Australian unitholders. This is regarded as a foreign distribution for South African unitholders and a local distribution for Australian resident investors.



Company prospects

The Fund is well positioned to deliver long-term sustainable income and capital growth to investors through the acquisition and efficient management of quality properties and conservative capital and risk management.



Distribution growth guidance for the full year is maintained at 3.0% to 4.0% pre WHT as previously indicated, provided there are no material changes to the underlying portfolio or other events that could impact growth.
13-Nov-2017
(Official Notice)
The Fund advised unitholders that it has entered into a contract for sale with Kiwi Property Holdings Ltd. (the ?Seller?) to acquire a prime grade office property known as The Majestic Centre, located at 100 Willis Street, Wellington, New Zealand (the ?Property?) for NZD 123 175 000 (the ?purchase price?). The Seller is a wholly owned subsidiary of NZX listed Kiwi Property Group Ltd. (NZX: KPG) (?Kiwi Property?). The purchase price equates to an initial yield of 7.1% (pre transaction costs), with the potential to increase this yield to 7.3% on a fully leased basis. The purchase price plus all transaction costs will be funded via the Fund?s existing syndicated debt facility with Westpac and ANZ at an expected all in funding cost of 4.1% per annum.



The Property is the Fund?s first investment into New Zealand and demonstrates management?s commitment to seeking out opportunities that represent relative value. Management believes that the spread between prime grade office yields in Wellington and key Australian CBD office markets is currently attractive, particularly given recent firming of capitalisation rates in Australia.



Like Australia, New Zealand offers the Fund the opportunity to invest in a sophisticated and transparent property market underpinned by strong macro-economic fundamentals such as consistent GDP growth rates of between 2.0% ? 3.5% over the last five years, low unemployment rates of 4.5%, low interest rates and a diversified economy. From a property perspective, unlike Australia, there is no stamp duty payable in New Zealand on the acquisition of property (which is typically 5.5% of the purchase price in Australia) and there is no capital gains tax on divestment of property held for passive investment. The effective date of the acquisition of the Property is the settlement date under the contract for sale, which is scheduled for 11 December 2017.
18-Sep-2017
(Official Notice)
15-Aug-2017
(Official Notice)
Unitholders are advised that at the annual general meeting held on 15 August 2017 all the resolutions set out in the notice of meeting were passed by the requisite majority of unitholders.
30-Jun-2017
(Official Notice)
Unitholders are advised that the Fund?s integrated report and financial statements for the year ended 31 March 2017 and notice of the annual general meeting were posted to unitholders today, Friday, 30 June 2017.



The financial statements of the Fund, which are available electronically at www.investecaustraliapropertyfund.co.za or at the Responsible Entity?s registered office, contain no modifications to the reviewed results as published on Wednesday, 17 May 2017.



Notice is given that the annual general meeting of unitholders of the Fund (Meeting) will be held at:

*Time: 17:00 (Sydney) / 09:00 (Johannesburg)

*Date: Tuesday, 15 August 2017

*Place: Boardroom, Level 23, The Chifley Tower, 2 Chifley Square, Sydney NSW 2000, Australia; and Investec, 2nd Floor, Executive Boardroom, 100 Grayston Drive, Sandown, Sandton 2196, South Africa



The chairperson will be in Australia and the Meeting will be broadcast via video conference to South Africa. Unitholders at either location will be able to participate in the Meeting, including to ask questions.



30-May-2017
(Official Notice)
Unitholders are referred to the announcement relating to the reviewed preliminary condensed consolidated financial results for the year ended 31 March 2017 released on SENS on Wednesday, 17 May 2017 containing details of the final distribution declaration number 7.



As required by the JSE Listing Requirements, the Fund has entered into a forward exchange contract to convert the AUD distribution to ZAR such that unitholders are given at least 1 week?s notice ahead of the last day to trade of the exchange rate locked in. This is in line with the manner in which the Fund?s last distribution payment was made and will be applied to all future distribution payments that the Fund makes.



Accordingly, unitholders are advised that this distribution has been converted from AUD to ZAR on at an exchange rate of AUD1.00 : ZAR9.70840. The resulting distribution is ZAR47.82154 cents per unit (pre withholding tax paid in Australia) and ZAR44.62350 cents per unit (post withholding tax paid in Australia). This post withholding tax distribution will be paid on Monday, 12 June 2017 as per the timetable set out in the reviewed preliminary condensed consolidated financial results.
18-May-2017
(Official Notice)
Further to the announcement released on SENS on 17 May 2017, shareholders are advised that the distribution amount declared from net rental income will be converted from AUD to ZAR at the spot rate on 30 May 2017 and the ZAR amount will be announced on SENS 30 May 2017. The distribution will be paid to unitholders in ZAR.
17-May-2017
(C)
Revenue for the year increased to AUD54.5 million (2016: AUD39.3 million), operating profit rose to AUD53.2 million (2016: AUD49.9 million), total comprehensive income attributable to equity holders climbed to AUD48.7 million (2016: AUD43.5 million), while headline earnings per unit grew to AUD11.54 cents per unit (2016: AUD8.99 cents per unit).



Final distribution

A final distribution declaration number 7 of AUD4.92579 cents per unit was declared for the year.



Company prospects

The FY 2017 results reflect the successful execution of IAPF's strategy to date. IAPF is well positioned to continue to deliver long-term sustainable income and capital growth through the acquisition and efficient management of quality properties and conservative capital and risk management.



The board of IPL is therefore pleased to communicate expected distribution growth in FY2018 of between 3% and 4% pre withholding tax. This guidance assumes partial deployment at the lower end and full deployment at the upper end of gearing capacity during FY2018 into assets factoring in current market considerations. IAPF currently has AUD85 million of capacity up to 40% gearing to deploy into new acquisitions.



This forecast is based on the assumptions that the macro-economic environment will not deteriorate markedly, no tenant failures will occur and budgeted renewals will be concluded. Budgeted rental income is based on in force leases, contractual escalations and market related renewals.
27-Feb-2017
(Official Notice)
Unitholders are referred to the declaration announcement released on the Stock Exchange News Service (?SENS?) on Tuesday, 31 January 2017 (?Declaration Announcement?), as well as the circular to unitholders dated Tuesday, 7 February 2017 relating to a partially underwritten rights offer to raise ZAR 1 530 000 000 (AUD151 127 530 at a ZAR:AUD exchange rate of ZAR10.1239) through an offer to unitholders of 113 333 342 new units (?Rights Offer Units?) in the ratio of 34.59683 Rights Offer Units for every 100 units held on the Rights Offer record date, at an issue price of ZAR13.50 per Rights Offer Unit (?Rights Offer?).



Unitholders are hereby notified that the Rights Offer closed on Friday, 24 February 2017 and the results thereof are set out in the relevant SENS note.



The Fund will receive a total of AUD144 319 232 as a result of the Rights Offer.



Excess applications

Unitholders are advised that applications for excess will be awarded in full and that 134,609 Rights Offer Units will be allocated to unitholders in respect of such excess applications. Unit certificates will be posted to certificated unitholders who have applied for excess Rights Offer Units on Wednesday, 1 March 2017 and dematerialised unitholders who applied for excess Rights Offer Units will have the excess Rights Offer Units allocated to them and credited to their accounts by their CSDP or broker on Wednesday, 1 March 2017.



Issue of Rights Offer Units

Dematerialised unitholders who subscribed for Rights Offer Units will have their accounts at their CSDP or broker debited and updated with the Rights Offer Units to which they are entitled on Monday, 27 February 2017.



Certificated unitholders who subscribed for Rights Offer Units will have their new unit certificates in respect of the Rights Offer Units to which they are entitled posted to them at their own risk on Monday, 27 February 2017.
02-Feb-2017
(Official Notice)
Unitholders are referred to the announcement released on the Stock Exchange New Service (?SENS?) on Tuesday, 31 January 2017 (?Declaration Announcement?) in respect of IAPF?s intention to undertake a partially underwritten renounceable rights offer to raise ZAR 1,530,000,000 (equivalent to approximately AUD 151,127,530 at a ZAR : AUD exchange rate of ZAR 10.1239) through the issue of 113,333,342 new units (?Rights Offer Units?) to unitholders.



The Rights Offer Units will be issued in the ratio of 34.59683 new units for every 100 units held on the rights offer record date, being Friday, 10 February 2017 (?Initial Record Date?), at an issue price of ZAR 13.50 per Rights Offer Unit (?Rights Offer?). Unitholders are advised that the Rights Offer is unconditional and accordingly may now be implemented.



The salient dates and times of the Rights Offer will be the same as those published in the Declaration Announcement. Unitholders may commence trading in the Rights Offer Units on Wednesday, 22 February 2017.

31-Jan-2017
(Official Notice)
16-Jan-2017
(Official Notice)
12-Dec-2016
(Official Notice)
Unitholders are referred to the announcements released on the Stock Exchange News Service (?SENS?) on Wednesday, 16 November 2016 and Tuesday, 29 November 2016 relating to the declaration and finalisation of the cash distribution of ZAR47.73927 cents (post withholding tax paid in Australia) per unit (?Cash Distribution?) and the election to re-invest this in return for new units (?Re-Investment Alternative Units?).



Unitholders holding 153 200 010 units, or 47.5% of units qualifying to receive the distribution, elected to receive Re-Investment Alternative Units, resulting in the issue of 5 223 526 new units, retaining ZAR73.1 million (based on the issue price of ZAR14.00 per unit) in new equity for the Fund. Accordingly, an aggregate Cash Distribution of ZAR80.8 million is payable in respect of 169 159 487 units.



Distribution cheques in respect of certificated unitholders who elected to receive the Cash Distribution were posted today and unit certificates in respect of certificated unitholders who elected to receive Re-Investment Alternative Units will be posted on Wednesday, 14 December 2016 to certificated unitholders, at their own risk. The Central Securities Depository Participants or broker custody accounts of dematerialised unitholders will be credited on Wednesday, 14 December 2016 with their new units, in line with the settlement dates as indicated in the aforementioned SENS announcements.
29-Nov-2016
(Official Notice)
Unitholders are referred to the distribution update, announcement of distribution re-investment price and confirmation of finalisation information announcement released on SENS on 29 November 2016 wherein it was advised that the Re-Investment Price represented ?a discount of 2.1% to the closing clean price of ZAR 14.30 on Monday, 28 November 2016?. Unitholders are advised that the Re-Investment Price represents a discount of 2.1% to the closing price of ZAR 14.30 on Monday, 28 November 2016.
29-Nov-2016
(Official Notice)
Unitholders are referred to the announcement relating to the reviewed interim condensed consolidated financial results for the six months ended 30 September 2016 released on SENS on Wednesday, 16 November 2016 (?Results Announcement?) containing details of the interim distribution declaration number 6. As required by the Listing Requirements of the JSE Limited, the Fund has entered into a forward exchange contract to convert the AUD distribution to ZAR such that the locked in exchange rate is communicated to unitholders at least one week before the last day to trade in relation to the final distribution.



Accordingly, unitholders are advised that this distribution has been converted from AUD to ZAR at an exchange rate of AUD1.00000 : ZAR10.28500. The resulting distribution is ZAR49.48494 cents per unit (pre withholding tax paid in Australia) and ZAR47.73927 cents per unit (post withholding tax paid in Australia). Furthermore, unitholders will be entitled to re-invest the cash distribution (post withholding tax paid in Australia) of ZAR47.73927 cents per unit (?Cash Distribution?) in return for units (?Re-Investment Alternative Units?), as declared in the Results Announcement.



Re-Investment Price

The unit price applicable to unitholders electing to receive Re-Investment Alternative Units and recorded in the register on Friday, 9 December 2016 (?Record Date?), is ZAR 14.00 (?Re-Investment Price?). The Re-Investment Price represents a discount of 2.1% to the closing clean price of ZAR 14.30 on Monday, 28 November 2016 and a discount of 2.4% to the five-day volume weighted average traded price of ZAR 14.35 on Monday, 28 November 2016.



Trading of IAPF units

As published in the Results Announcement, unitholders electing to receive Re-Investment Alternative Units are requested to note that the Re-Investment Alternative Units will be listed on LDT + 3 and these can only be traded on LDT + 3 as the settlement of the Re-Investment Alternative Units will occur three days after record date, which differs from the conventional one day after record date settlement process. Units may not be dematerialised or rematerialised between commencement of trade on Wednesday, 7 December 2016 and close of trade on Friday, 9 December 2016.
16-Nov-2016
(C)
Revenue for the interim period grewt up to AUD25.4 million (2015: AUD18.2 million). Operating profit rose to AUD29.8 million (2015: AUD10.7 million), while profit and total comprehensive income for the period grew to AUD21 million (2015: AUD8.7 million). Furthermore, headline earnings per unit came in at AUD3.46cpu (2015: AUD4.92cpu).



Interim distribution with the election to reinvest the cash distribution for units

Notice is hereby given of an interim distribution declaration number 6 for the six months ended 30 September 2016. of:

*AUD4.81137 cents per unit pre withholding tax

*AUD4.64164 cents per unit post withholding tax



Prospects

The H1 2017 result reflects the performance of the Fund's underlying portfolio and the successful implementation of the value add strategy. The Fund is well positioned to deliver long term sustainable income and capital growth to investors through the acquisition and efficient management of quality properties and the conservative capital and risk management. Distribution growth guidance for the full year is maintained at 6% to 8% as previously indicated provided there are no material changes to the underlying portfolio or other events that could impact growth. The information and opinions contained above are recorded and expressed in good faith and are based upon sources believed to be reliable. No representation, warranty, undertaking or guarantee of whatever nature is made or given concerning the accuracy and/or completeness of such information and/or the correctness of such opinions. Any reference to future financial information included in this announcement has not been reviewed or reported on by the Fund's independent auditors.

10-Oct-2016
(Official Notice)
The Fund advises unitholders that it has entered into a contract for sale with associated entities of Dexus Property Group and Brookfield to acquire a 50% share in the property located at 324 Queen Street, Brisbane (Property) with Abacus Property Group (ASX: ABP) (Abacus).



Abacus, which is well known to the Fund and the Investec Group, is a leading diversified property group with a market capitalisation of AUD1.65 billion and specialises in investing in core plus property opportunities in Australia.



The Property is located in a premier position at the tightly held and highly sought after junction of Queen Street and Creek Street in the Brisbane CBD?s Golden Triangle and has a commanding street presence and strong retail component.



The total purchase consideration is AUD132 million, the Fund?s share being AUD66 million. This equates to a 12 month forward passing yield of 7.2%* (pre transaction costs), with the potential to increase the yield to 8.9% on a fully leased basis. This represents attractive value and upside at an acquisition cost per m? of AUD6 642. The purchase consideration including transaction costs will be funded through the Fund?s existing syndicated debt facility with Westpac and ANZ at an expected all in funding cost of 3.35%. The initial yield spread of circa 3.85% results in significant accretion to the Fund?s earnings.



The Fund has successfully demonstrated its ability to enhance value through the acquisition of properties with vacancy and the subsequent letting up of that space. The acquired vacancies in the Fund?s properties at Solent Circuit and King Street are now virtually fully let resulting in a material increase to the initial yields of those properties.



Condition precedent

The acquisition of the Property is conditional on approval from the Australian Foreign Investment Review Board (FIRB), which is expected to be received by no later than 31 October 2016.



The effective date of the acquisition of the Property is the settlement date under the contract for sale, which is scheduled for the later of 1 December 2016 and 5 business days after FIRB approval.



Categorisation

The acquisition of the Property is a category 2 transaction in terms of the JSE Listings Requirements and accordingly does not require approval by unitholders.











11-Aug-2016
(Official Notice)
Unitholders are advised that at the annual general meeting held on 10 August 2016 all the resolutions set out in the notice of meeting were passed by the requisite majority of unitholders.
05-Jul-2016
(Official Notice)
Unitholders are referred to the no change statement and notice of annual general meeting announcement released on SENS on 30 June 2016 where it was advised that Notice is hereby given that the annual general meeting of the unitholders of the Fund will be held at:

Time:5.00pm (Sydney) / 9.00am (Johannesburg)

Date: Wednesday, 10 August 2016

Place:Boardroom, Level 23, The Chifley Tower, 2 Chifley Square, Sydney NSW 2000, Australia; and - 2nd Floor Executive Boardroom, 100 Grayston Drive, Sandown, Sandton 2196, South Africa.



Unitholders are advised that the date of the annual general meeting in the Fund?s proxy form posted on Thursday 30 June 2016, is incorrectly reflected as Tuesday 26 July 2016.

30-Jun-2016
(Official Notice)
Unitholders are advised that the Fund?s Integrated Report and Financial Statements for the year ended 31 March 2016 and notice of the annual general meeting were posted to unitholders today, Thursday, 30 June 2016.



The Financial Statements of the Fund, which are available electronically at www.investecaustraliapropertyfund.co.za or at the Responsible Entity?s registered office, contain no modifications to the reviewed results as published on Thursday, 19 May 2016.



Notice is hereby given that the annual general meeting of the unitholders of the Fund will be held at:

*Time: 5.00pm (Sydney) / 9.00am (Johannesburg)

*Date: Wednesday, 10 August 2016

*Place: - Boardroom, Level 23, The Chifley Tower, 2 Chifley Square, Sydney NSW 2000, Australia; and

- 2nd Floor Executive Boardroom, 100 Grayston Drive, Sandown, Sandton 2196, South Africa.



The meeting will be broadcast via video conference to South Africa. Unitholders at either location will be able to participate in the meeting and ask questions.
24-Jun-2016
(Official Notice)
Unitholders are advised that the Fund has entered into a contract for sale with Shannon Wicks Pty Ltd to acquire the property located at 113 Wicks Road, Macquarie Park NSW 2113 (Property). The effective date of the acquisition of the Property is the settlement date under the contract for sale, which is scheduled for 1 July 2016.



Purchase consideration

The purchase consideration is AUD 23,255,000 which represents an annualised property yield of 7.0% (6.6% post all transaction costs). The purchase consideration and all transaction costs will be funded through the existing syndicated debt facility with Westpac Banking Corporation and Australia and New Zealand Banking Group at a margin of 135 basis points. The Fund?s gearing post the acquisition of the Property will be 31.8%.



Upzoning Potential

The Property is adjacent to the 9 hectare North Ryde Station High Density Residential Precinct, known as ?Lachlan?s Line?, which will ultimately provide for 2 700 apartments and accommodate 5 000 residents within the next 5 years. Adjoining land owners to the Property in the Wicks Road South Precinct have formed an owners group with a view to upzoning the existing precinct from a mixture of B3 and B7 zoning (residential non-permissible) to a higher density B4 zoning (residential permissible as part of a mixed use development). The amalgamated Wicks Road South Precinct provides a total site area of approximately 6 hectares which, given the scale, is considered a site large enough for the NSW Department of Planning - Environment to consider as an upzoning precinct in isolation of wider planning legislation. The Fund?s view is that an upzoning outcome over the medium term for the Property is likely. Post completion of the acquisition, the Fund will work closely with the owners group to lobby for an upzoning outcome which, if successful, could significantly increase the value of the Property over time.



Categorisation

The acquisition of the Property is a category 2 transaction in terms of the JSE Listings Requirements and accordingly does not require approval by unitholders.
13-Jun-2016
(Official Notice)
Unitholders are referred to the announcements released on the Stock Exchange News Service (?SENS?) on Thursday, 19 May 2016 and Friday, 27 May 2016 relating to the declaration and finalisation of the cash distribution of ZAR52.18529 cents (post withholding tax paid in Australia) per unit (?Cash Distribution?) and the election to re-invest this in return for new units (?Re-Investment Alternative Units?).



Unitholders holding 258 717 265 units, or 82.8% of units qualifying to receive the distribution, elected to receive Re-Investment Alternative Units, resulting in the issue of 9 818 121 new units, retaining R135.0 million (based on the issue price of R13.75 per unit) in new equity for the Fund. Accordingly, an aggregate Cash Distribution of R28.1 million is payable in respect of 53 824 111 units.



Distribution cheques in respect of certificated unitholders who elected to receive the Cash Distribution were posted today and unit certificates in respect of certificated unitholders who elected to receive Re-Investment Alternative Units will be posted on Wednesday, 15 June 2016 to certificated unitholders, at their own risk. The Central Securities Depository Participants or broker custody accounts of dematerialised unitholders will be credited on Wednesday, 15 June 2016 with their new units, in line with the settlement dates as indicated in the aforementioned SENS announcements.
27-May-2016
(Official Notice)
20-May-2016
(Media Comment)
Business Day highlighted that Investec Australia Property Fund (IAPF) is a standout among overseas- based real estate companies, delivering distribution growth of 29.3% in rand terms for the year too March. Even in Australian dollar terms, the company reported double digit distribution growth of 12.1%. The fund continues to produce strong distribution growth, underpinned by its strategy of investing in good quality real estate in a developed market, where income returns are derived in hard currency.
19-May-2016
(C)
03-May-2016
(Official Notice)
22-Feb-2016
(Official Notice)
Unitholders are referred to the declaration announcement released on the Stock Exchange News Service (?SENS?) on Friday, 22 January 2016 (?Declaration Announcement?), as well as the circular to unitholders dated Monday, 1 February 2016, relating to a partially underwritten rights offer to raise approximately ZAR 690,000,000 (AUD 60 million at a ZAR:AUD exchange rate of R11.50) through an offer to unitholders of 59,566,747 new units (?Rights Offer Units?) in the ratio of 23.54653 Rights Offer Units for every 100 units held on the rights offer record date, being Friday, 5 February 2016 (?Initial Record Date?), at an issue price of R11.58 per Rights Offer Unit (?Rights Offer?).



The Rights Offer closed on Friday, 19 February 2016 and the Responsible Entity is pleased to advise that the Rights Offer was completed successfully and oversubscribed.



Allocation of excess applications

As stated in the Declaration Announcement, the underwriter has the right to take up the excess units. The underwriter has confirmed that it will be taking up the excess units, and therefore no excess units are available for allocation to other applicants.



Issue of Rights Offer Units

Dematerialised unitholders who subscribed for Rights Offer Units will have their accounts at their CSDP or broker debited and updated with the Rights Offer Units to which they are entitled on Monday, 22 February 2016.



Certificated unitholders who subscribed for Rights Offer Units will have their new unit certificates in respect of the Rights Offer Units to which they are entitled posted to them at their own risk on Monday, 22 February 2016.



The refund payments in respect of unsuccessful applications for excess units by certificated unitholders will be made on or about Wednesday, 24 February 2016 in accordance with the instructions on the form of instruction and at the applicants? own risk. No interest will be paid on monies received in respect of unsuccessful applications for excess units.





26-Jan-2016
(Official Notice)
Unitholders are referred to the announcement released on the Stock Exchange New Service (?SENS?) on Friday, 22 January 2016 (?Declaration Announcement?) in respect of the rights offer by IAPF to raise approximately ZAR 690,000,000 (AUD 60,000,000 at a ZAR:AUD exchange rate of R11.50) through an offer to unitholders of 59,566,747 new units (?Rights Offer Units?). The Rights Offer Units will be issued in the ratio of 23.54653 new units for every 100 units held on the rights offer record date, being Friday, 5 February 2016 (?Initial Record Date?), at an issue price of R11.58 per Rights Offer Unit (?Rights Offer?).



Unitholders are advised that the Rights Offer is unconditional and accordingly may now be implemented. The salient dates and times of the Rights Offer will be the same as those published in the Declaration Announcement. Unitholders may commence trading in the Rights Offer Units on Monday, 15 February 2016.
22-Jan-2016
(Official Notice)
23-Dec-2015
(Official Notice)
14-Dec-2015
(Official Notice)
Unitholders are referred to the announcements released on the Stock Exchange News Service (?SENS?) on 19 November 2015 and 27 November 2015 relating to the declaration and finalisation of the cash distribution of 44.07164 ZAR cents (post withholding tax paid in Australia) per IAPF unit (?Cash Distribution?) and the election to re-invest this in return for new IAPF units (?Re-Investment Alternative Units?).



Unitholders holding 167,551,741 IAPF units, or 67.9% of IAPF units qualifying to receive the distribution, elected to receive Re- Investment Alternative Units, resulting in the issue of 6,393,331 new units, retaining R73.8 million (based on the issue price of R11.55 per unit) in new equity for the Fund. Accordingly, an aggregate Cash Distribution of R34.8 million is payable today in respect of 79,029,557 IAPF units.



Distribution cheques in respect of certificated unitholders who elected to receive the Cash Distribution were posted today and unit certificates in respect of certificated unitholders who elected to receive Re-Investment Alternative Units will be posted on Thursday, 17 December 2015 to certificated unitholders, at their own risk. The Central Securities Depository Participants or broker custody accounts of dematerialised unitholders will be credited on Thursday, 17 December 2015 with their new units, in line with the settlement dates as indicated in the aforementioned SENS announcements.

27-Nov-2015
(Official Notice)
19-Nov-2015
(C)
Revenue for the interim period went up to AUD18.2 million (2014: AUD9.5 million). Operating profit rose to AUD10.7 million (2014: AUD5.1 million), while profit and total comprehensive income for the period grew to AUD8.7 million (2014: AUD3.7 million). Furthermore, headline earnings per unit for the period came in at AUD4.92cpu (2014: AUD4.31cpu).



Interim distribution with the election to reinvest the cash distribution for units

Notice is hereby given of the declaration of interim distribution number 4 of:

*4.53923 Australian cents per unit pre-withholding tax

*4.27117 Australian cents per unit post-withholding tax



Announcement of re-investment alternative units issue price and finalisation information (including exchange rate to convert the cash distribution to Rand) will be announced on 27 November 2015.



Prospects

The Fund's portfolio consists of well located properties with a low vacancy rate of 0.7%*. Income is underpinned by strong tenant covenants. The portfolio has a WALE of 6.2 years (by income) and embedded contractual escalations of 3.2% on average*. Distribution growth guidance for the full year is maintained at the upper end of the 10% to 12% range previously indicated provided there are no material changes to the underlying portfolio or other events that could impact growth.
15-Oct-2015
(Official Notice)
19-Aug-2015
(Official Notice)
04-Aug-2015
(Official Notice)
Unitholders are advised that at the annual general meeting held on the 4th of August 2015 all the resolutions set out in the notice of meeting were passed by the requisite majority of unitholders.
30-Jun-2015
(Official Notice)
Unitholders are advised that the Fund?s Integrated Report and Financial Statements for the year ended 31 March 2015 and notice of the annual general meeting were posted to Unitholders on, Tuesday, 30 June 2015.



The Financial Statements of the Fund, which are available electronically at www.investecaustraliapropertyfund.co.za or at the Responsible Entity?s registered office, contain no modifications to the reviewed results as published on 21 May 2015.



Notice is hereby given that the annual general meeting of the Unitholders of the Fund will be held at:

*Time: 5.00pm (Sydney) / 9.00am (Johannesburg)

*Date: 4 August 2015

*Place: - Boardroom, Level 23, The Chifley Tower, 2 Chifley Square, Sydney NSW 2000, Australia; and - 2nd Floor Executive Boardroom, 100 Grayston Drive, Sandown, Sandton 2196, South Africa.



The meeting will be broadcast via video conference to South Africa. Unitholders at either location will be able to participate in the Meeting, including asking questions.
29-May-2015
(Official Notice)
Unitholders are referred to the announcement relating to the reviewed preliminary condensed consolidated financial results for the year ended 31 March 2015 released on SENS on Thursday, 21 May 2015 containing details of the final distribution declaration number 3.



As required by the JSE Listing Requirements, the Fund has entered into a forward exchange contract to convert the AUD distribution to ZAR such that unitholders are given at least 1 week?s notice ahead of the last day to trade of the exchange rate locked in. This is in line with the manner in which the Fund?s last distribution payment was made and will be applied to all future distribution payments that the Fund makes.



Accordingly, unitholders are advised that this distribution has been converted from AUD to ZAR at an exchange rate of AUD 1.00 : ZAR 9.2522. The resulting distribution is 38.37137 ZAR cents per unit (pre withholding tax paid in Australia) and 36.64584 ZAR cents per unit (post withholding tax paid in Australia). This post withholding tax distribution will be paid on Monday, 15 June 2015 as per the timetable set out in the reviewed preliminary condensed consolidated financial results.
21-May-2015
(C)
The following results are the company?s maiden results and, therefore, are incomparable. Revenue was AUD24.2 million and net property income was AUD21.4 million. Operating profit of AUD20.9 million was recorded. Profit for the period came in at AUD16.3 million. In addition, headline earnings per share were AUD9.65cps.



Distribution

Notice is hereby given of a final distribution declaration number 3 of:

*4.14727 cents per unit pre withholding tax

*3.96077 cents per unit post withholding tax



for the period from 1 October 2014 to 31 March 2015, payable to holders of the units as recorded in the register of unitholders of the Fund at the close of business on Friday, 12 June 2015.



Prospects

The FY 2015 results reflect the positive outcome of the successful execution of the Fund's strategy to date. The Fund is therefore well positioned to continue with the execution of its strategy to deliver long-term sustainable income and capital growth through the acquisition and efficient management of quality properties and conservative yet proactive balance sheet and interest rate management.



The board of IPL is therefore pleased to communicate expected distribution growth in FY 2016 of between 10% and 12% pre withholding tax. The lower end of this guidance assumes no change in the current property portfolio and a gearing level of 30%. The upper end of this guidance assumes further deployment of gearing capacity during FY 2016 into similar yielding assets. The Fund currently has AUD67.0mn of gearing capacity up to 40% gearing to deploy into new acquisitions.
23-Apr-2015
(Official Notice)
25-Mar-2015
(Official Notice)
24-Dec-2014
(Official Notice)
04-Dec-2014
(Official Notice)
28-Nov-2014
(Official Notice)
Unitholders are referred to the announcement relating to the reviewed interim condensed consolidated results for the six months ended 30 September 2014 released on SENS on Thursday, 20 November 2014 containing details of the interim distribution declaration number 2.



As required by the JSE Listing Requirements, the Fund has entered into a forward exchange contract to convert the AUD distribution to ZAR such that unitholders are given at least 1 week's notice ahead of the last day to trade of the exchange rate locked in. This is in line with the manner in which the Fund?s maiden distribution payment was made and will be applied to all future distribution payments that the Fund makes.



Accordingly, unitholders are advised that this distribution has been converted from AUD to ZAR at an exchange rate of AUD 1.00 : ZAR 9.3549. The resulting distribution is ZAR37.67798 cents per unit (pre withholding tax paid in Australia) and ZAR36.63772 cents per unit (post withholding tax paid in Australia). This post withholding tax distribution will be paid on Monday, 15 December 2014 as per the timetable set out in the reviewed interim condensed consolidated results.
20-Nov-2014
(C)
Revenue for the interim period went up to UAD9.5 million (2013: AUD2.6 million). Operating profit rose to AUD5.1 million (2013: AUD2 million), while profit and total comprehensive income for the period grew to AUD3.7 million (2013: AUD1.3 million). Furthermore, headline earnings per unit for the period came in at AUD4.31cps.



Distribution

Notice was given of a interim distribution declaration number 2 of:

* AUD4.02762 cents per unit pre withholding tax; and

* AUD3.91642 cents per unit post withholding tax;

for the six months ended 30 September 2014, payable to holders of the units as recorded in the register of unitholders of the Fund at the close of business on Friday, 12 December 2014.



Prospects

The Fund is well positioned to continue with the execution of its strategy outlined to investors on its listing on the JSE and on its recent capital raising. The property portfolio consists of well located properties which are 100% let. Income is underpinned by strong tenant covenants. The portfolio has a WALE of 6.7 years and embedded contractual escalations.



The growth experienced for the six month period ending 30 September 2014 is not expected to be repeated for the second six month distribution period due to the impact of the rights offer through the repayment of the debt to zero. Management maintains that a strategy of having unconditional funding capacity to transact in the current market and further take advantage of attractive acquisition opportunities is advantageous to unitholders. The extent of the growth in the second six-month period ending 31 March 2015 will be determined by the timing of the deployment of the available debt capacity into the Fund?s pipeline of acquisition opportunities.



The strength of the underlying property portfolio allows management to focus on its pipeline of prospective acquisitions, which consist of both on and off market opportunities which in the current favourable interest rate environment can be funded at attractive pricing. The Fund?s balance sheet is well capitalised to take advantage of these opportunities.
20-Oct-2014
(Official Notice)
Unitholders are referred to the announcements released on SENS on Thursday, 18 September 2014 and Monday, 22 September 2014 in which IAPF announced the terms of its renounceable Rights Offer.



The Rights Offer closed at 12:00 on Friday, 17 October 2014 and was oversubscribed, including applications for excess. Therefore, following the issue of the 111 896 298 Rights Offer Units, the total issued unit capital of the Fund will increase to 246 581 298 units.



Excess applicants will receive 65.98882% of the excess amount applied for, the allocation of which has been determined on an equitable basis.



Unit certificates will be posted to holders of certificated units who have followed their rights on Monday, 20 October 2014 and the CSDP or broker accounts of dematerialised unitholders or their renouncees, who have followed their rights will be credited with the Rights Offer Units and debited with any payments due on Monday, 20 October 2014.



Dematerialised unitholders who applied for excess Rights Offer Units will have the excess units allocated to them and credited to their accounts by their CSDP or broker on Wednesday, 22 October 2014. There are no certificated unitholders who applied for excess units.



The date of the commencement of trading of the Rights Offer Units on the JSE is Monday, 20 October 2014.
16-Oct-2014
(Official Notice)
01-Oct-2014
(Official Notice)
Unitholders are advised that Mr Hugh Martin was appointed as an independent non-executive director of Investec Property Ltd., the responsible entity of the Fund, with effect from 30 September 2014. Mr Martin brings considerable property experience to the board of Investec Property Ltd. and to the Fund, having previously held positions with Lend Lease, Stockland, Mirvac and Westfield. Mr Martin will also be a member of the Audit and Risk Committee.
30-Sep-2014
(Official Notice)
Unitholders are referred to the announcements released on SENS on 18 September 2014 and 22 September 2014 in relation to the Rights Offer by IAPF in terms of which unitholders will be offered a total of 111 896 298 Rights Offer Units at the Rights Offer Issue Price of R10.70 per unit, in the ratio of 83.08 Rights Offer Units for every 100 units held by them on Friday, 3 October 2014.



Unitholders are advised that the circular in respect of the Rights Offer was posted today, 30 September 2014 to certificated unitholders and will be posted to dematerialised unitholders on Tuesday, 7 October 2014. The Rights Offer circular is also available on the Fund's website at www.investecaustraliapropertyfund.co.za.
22-Sep-2014
(Official Notice)
18-Sep-2014
(Official Notice)
17-Sep-2014
(Official Notice)
Post the FTSE quarterly review, IAPF was reclassified from 8985 Equity Investment Instrument to 8633 Real Estate Holding and Development. The reclassification is effective from Monday, 22 September 2014.
12-Sep-2014
(Official Notice)
Unitholders are advised that at the general meeting of IAPF held on 12 September 2014, all the resolutions set out in the notice and proposed at the meeting, without modification, were passed by the requisite majority of unitholders. A further announcement containing full details of the rights offer will be released in due course.
14-Aug-2014
(Official Notice)
06-Aug-2014
(Official Notice)
Unitholders are advised that at today?s annual general meeting all the resolutions set out in the notice of meeting were passed by the requisite majority of unitholders.

21-Jul-2014
(Official Notice)
15-Jul-2014
(Official Notice)
Unitholders are advised that IAPF is currently in negotiations, which if successfully concluded, may have a material effect on the price of the Fund's units.



Accordingly, unitholders are advised to exercise caution when dealing in the Fund's units until a further announcement is made.
04-Jul-2014
(Official Notice)
Unitholders are advised that Mr Sam Hackner will resign as a non-executive director of Investec Property Ltd., the responsible entity of the Fund, with effect from 7 July 2014.



Appointment of Mr Stephen Koseff as a non-executive director

Unitholders are advised that Mr Stephen Koseff will be appointed as a non-executive director of Investec Property Ltd., the responsible entity of the Fund, with effect from 7 July 2014. Mr Koseff is the Chief Executive Officer of the Investec Group and will bring considerable experience to the board of Investec Property Ltd. and the Fund.
02-Jul-2014
(Official Notice)
It is with great sadness that the board of Investec Property Ltd. (IPL), the responsible entity of IAPF, advised that Mr Michael Crawford has passed away. Mr Crawford was an independent non- executive director of IPL and a member of the Audit and Risk Committee. Mr Crawford made an invaluable contribution to the board and board committees of IPL and to the listing and initial growth phase of the Fund.
30-Jun-2014
(Official Notice)
Unitholders are advised that the Fund's Integrated Report and Financial Statements for the period ended 31 March 2014 and notice of the annual general meeting were posted to Unitholders today, Monday, 30 June 2014.



The Financial Statements of the Fund, which are available electronically at www.investecaustraliapropertyfund.co.za or at the Responsible Entity's registered office, contain no modifications to the reviewed results as published on 22 May 2014.



Notice is hereby given that the first annual general meeting of the Unitholders of the Fund will be held at:

*Time: 6.00pm (Sydney) / 10.00am (Johannesburg)

*Date: 6 August 2014

*Place: - Boardroom, Level 23, The Chifley Tower, 2 Chifley Square, Sydney NSW 2000, Australia; and

- 2nd Floor Executive Boardroom, 100 Grayston Drive, Sandown, Sandton 2196, South Africa.



The meeting will be broadcast via video conference to South Africa. Unitholders at either location will be able to participate in the Meeting, including asking questions.
30-May-2014
(Official Notice)
Unitholders were referred to the announcement relating to the reviewed preliminary condensed consolidated results for the period ended 31 March 2014 released on SENS on Thursday, 22 May 2014 containing details of the final distribution declaration number 1 ("results announcement") and the subsequent announcement relating to the distribution update released on SENS on Friday, 30 May 2014 containing details of the exchange rate applied in converting the distribution from AUD to ZAR.



Unitholders are advised that the AUD distribution amounts of AUD3.42 cents per unit (pre withholding tax paid in Australia) and 3.20 AUD cents per unit (post withholding tax paid in Australia), as disclosed in the results announcement, were rounded to two decimal places. The equivalent numbers rounded to five decimal places are AUD3.41680 cents per unit and AUD3.20159 cents per unit respectively, and these have been used in determining the rand equivalent of the distribution amount.
30-May-2014
(Official Notice)
Unitholders are referred to the announcement relating to the reviewed preliminary condensed consolidated results for the period ended 31 March 2014 released on SENS on Thursday, 22 May 2014 containing details of the final distribution declaration number 1.



Unitholders are advised that this distribution has been converted from AUD to ZAR on Thursday, 29 May 2014 at an exchange rate of AUD 1.00 : ZAR 9.7232. The resulting distribution is ZAR 33.22226 cents per unit (pre withholding tax paid in Australia) and ZAR 31.12970 cents per unit (post withholding tax paid in Australia). This post withholding tax distribution will be paid on Tuesday, 17 June 2014 as per the timetable set out in the reviewed preliminary condensed consolidated results.
22-May-2014
(C)
The following results are the company?s maiden results and, therefore, are incomparable. Revenue was AUD11.2 million and net property income was AUD9.7 million. Operating profit of AUD8.7 million was recorded. Profit for the period came in at AUD7.5 million. In addition, headline earnings per share were AUD13.13cps.



Distribution

Notice is hereby given of a final distribution declaration number 1 of:

* AUD3.42 cents per unit pre withholding tax

* AUD3.20 cents per unit post withholding tax

for the period from 18 October 2013 to 31 March 2014, payable to holders of the units as recorded in the register of unitholders of the Fund at the close of business on Friday, 13 June 2014. Withholding tax of AUD0.22 cents per unit will be withheld from the distribution paid to non-Australian unitholders and will be paid to the Australian Taxation Office.



Prospects

The Fund is well positioned to continue with the execution of its strategy outlined to investors on its listing on the JSE. The existing property portfolio consists of well located properties, 99.5% let (before taking into account the income support arrangements over the remaining 0.5% of the GLA) with income underpinned by strong tenant covenants, with a WALE of 7.3 years and embedded contractual escalations. The underlying property portfolio is expected to perform in line with forecasts provided in the PLS and the forecasts provided in relation to the recent completed and announced acquisitions.



The strength of the underlying property portfolio allows management to focus on its pipeline of prospective acquisitions, which consist of both on and off market opportunities which in the current favourable interest rate environment can be funded at attractive pricing. The Fund's balance sheet is well capitalised to take advantage of these opportunities. port.
15-May-2014
(Official Notice)
06-Mar-2014
(Official Notice)
Unitholders are advised that:

* Mr Paul Lam-Po-Tang will be appointed as company secretary of Investec Property Ltd., the responsible entity of the Fund, with effect from 6 March 2014; and

* Mr Anthony Rubin will resign as company secretary of Investec Property Ltd., the responsible entity of the Fund, with effect from 7 March 2014.



Resignation of non-executive director

Unitholders are advised that Mr David Gonski will resign as a non-executive director of Investec Property Ltd., the responsible entity of the Fund, with effect from 31 March 2014.
27-Feb-2014
(Official Notice)
21-Nov-2013
(C)
IAPF's maiden interim results showed revenue of AUD2.6 million. Total comprehensive income attributable to equity holders was AUD1.3 million. In addition, headline earnings per unit amounted to AUD6cps.



Distribution

No distribution has been declared.
29-Oct-2013
(Official Notice)
The directors of the responsible entity of IAPF ("directors") announced that the units of the Fund have been listed on the Bermuda Stock Exchange as of Monday, 28th October 2013, under the Chapter 6 Section IV, Collective Investment Vehicles, Unit Trusts sector of the Listing Regulations of the Exchange. The listing on the Bermuda Stock Exchange is a secondary listing established as part of the Fund's inward listing on the Johannesburg Stock Exchange (JSE).



In addition, unitholders are referred to the announcement containing IAPF's abridged pre-listing statement released on SENS on 30 September 2013 wherein it was detailed that the Fund will acquire the Punt Road Property and Elizabeth Street Property upon listing. Unitholders are hereby informed that registration of transfer of these properties has taken place on Friday, 25 October 2013. The Fund's combined property portfolio now comprises eight properties with an independent valuation of AUD129.9 million.
11-Aug-2016
(X)
IAPF listed as the first inward listed Australian real estate investment trust. The fund currently comprises nineteen properties in Australia with a total gross lettable area (GLA) of 169 535m? valued at AUD493.9 million.


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