Investec moves to list Aussie property fund in SA
Investec Bank has announced it will be listing its Investec Australia Property Fund on the Johannesburg Stock Exchange (JSE).
The company announced the move this week and said the fund was expected to list on 24 October under the Real Estate Holdings and Development sector.
Commenting on the move, Investec Australia Property Fund's non-executive director, Sam Leon, said the fund was a unique investment opportunity, offering South African investors direct exposure to the Australian property market and currency.
"The objective of the fund is to invest in high quality, sustainable and well diversified real estate in Australia," he said.
Investec Australia Property Fund's chief executive, Graeme Katz, said the Australian property market had attractive opportunities and the company was confident in the fund's ability to enhance value and deliver sustainable and long-term capital growth.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
