Sector: Financials
The company is not available at Interactive Brokers
Investec Property Fund Limited (JSE:IPF) is a South African Real Estate Investment Trust (REIT) with a portfolio of direct and indirect commercial real estate investments in South Africa, the UK and Europe.
In South Africa, the Fund directly owns a portfolio of more than 90 properties in the retail, industrial and office sectors. It also owns 35% of Izandla - a majority black owned property company operating in the procurement, development and management of real estate assets.
Approximately 50% of the Fund’s assets and 45% of earnings are derived from offshore investments. This comprises strategic property investments, mainly in logistics, in the developed markets of Europe and the UK where the Manager has a presence on-the-ground. These investments include an interest in Argo UK Fund, an investment into a Pan-European logistics portfolio and an investment into a Pan-European light industrial portfolio.
IPF's portfolio has been built on an investment philosophy of acquiring quality assets with compelling property fundamentals in targeted sectors in selected geographies where it has in-country expertise. More recently, the Fund has strategically shifted its focus towards the logistics sector, as a result of which, logistics assets now comprise almost 50% of IPF’s investments globally.
Investec Property Fund Limited listed on the Johannesburg Stock Exchange (JSE) in 2011.
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It is not yet clear just how extensive the destruction of particularly retail and warehouse property and the looting of stock in the unrest in KwaZulu-Natal and Gauteng was.
2021-07-19 06:08 +02:00JSE:SHP JSE:NED JSE:PPH JSE:CLS JSE:INP JSE:WHL JSE:MRP JSE:SPP JSE:INL JSE:TBS JSE:IPF JSE:MSM JSE:CSB JSE:FBR JSE:MPT JSE:LEW JSE:MST
South Africa`s Investec Property Fund (IPF) said on Wednesday it expects retailer Edcon`s decision to seek bankruptcy protection to have a limited impact on its business.
2020-05-06JSE:INP JSE:RDF JSE:INL JSE:AVI JSE:IPF JSE:MPT JSE:L2D JSE:HUG