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The South African property giant has announced a 50/50 joint-venture with Irongate Australia, leading to a buyout of the latter's funds management operations from Charter Hall.
Investec Property Fund says offices in SA have recovered significantly if one excludes Sandton. Most of the group's offices in Bryanston are full.
Investec Property Fund (IPF) declared a 47.71 cents per share final dividend in the six months to March 31, bringing the full year dividend to 92.23 cents per share and reflecting a 95 percent of distributable earnings payout ratio.