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United Kingdom

Investec Australia Property Fund Announces Acquisition Of New Property


Tuesday, 12 Mar 2019 

March 12 (Reuters) - Investec Australia Property Fund ::ACQUISITION OF NEW PROPERTY.PROPOSED DEAL FOR AUD 29,750,000.ACQUISITION IS ACCRETIVE TO FUND.ENTERED INTO & COMPLETED CONTRACT FOR SALE WITH WESTTECH HOLDINGS PTY TO BUY OFFICE BUILDING AT 24 WORMALD STREET.PURCHASE CONSIDERATION IS AUD 29,750,000 WHICH REPRESENTS AN INITIAL PASSING YIELD OF 6.93%.PURCHASE CONSIDERATION, TRANSACTION COSTS FUNDED THROUGH EXISTING SYNDICATED DEBT FACILITY. 

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