IRONGATE GROUP - Completion of Brendale Acquisition

Completion of Brendale Acquisition

Irongate Group (JSE: IAP)
Comprising Irongate Property Fund I (IPF I, ARSN 162 067 736) and Irongate Property Fund II (ARSN 644 081 309), established in Australia and
registered with ASIC as managed investment schemes
Operated by Irongate Funds Management Limited (ACN 071 514 246; AFSL 290 909) (Responsible Entity)
IPF I is registered as a foreign collective investment scheme in terms of the Collective Investment Schemes Control Act No.45 of 2002
ISIN: AU0000046005
(IAP or the Fund)


SENS ANNOUNCEMENT
29 January 2021


Completion of Brendale Acquisition


Securityholders are advised that IAP has completed the acquisition of the industrial facility to be
constructed at Lot 3, Belconnen Crescent, Brendale QLD.

The total purchase consideration is $15,624,000 which represents an initial yield of 6.25%
(6.13% post all transaction costs). The purchase consideration comprises an initial payment of
$3,885,500 for the land, with the balance to be progressively paid to fund construction of the
facility. Construction of the facility is expected to be completed in June this year.


Johannesburg

Investment Bank and Sponsor
Investec Bank Limited

Date: 29-01-2021 08:57:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.