Johannesburg - Investec [JSE:INL] said on Wednesday it aims to list a R1.7bn property fund on the Johannesburg bourse on April 14.
The Investec Property Fund will consist of 29 office, retail, and industrial properties and the fund will be ungeared at listing, providing funding capacity for future acqusitions.
"We look forward to our return to the listed property sector through the listing of the Investec Property Fund," said Investec Property Fund CEO Sam Leon.
In August, Old Mutual [JSE:OML] said it was planning to list a R12bn rand property fund on the Johannesburg stock exchange by mid-2011.
The Investec Property Fund will consist of 29 office, retail, and industrial properties and the fund will be ungeared at listing, providing funding capacity for future acqusitions.
"We look forward to our return to the listed property sector through the listing of the Investec Property Fund," said Investec Property Fund CEO Sam Leon.
In August, Old Mutual [JSE:OML] said it was planning to list a R12bn rand property fund on the Johannesburg stock exchange by mid-2011.