This article is from the Australian Property Journal archive
DUAL listed Investec Australia Property Fund will operate under a new name, Irongate Group, after completing the acquisition of management rights of the fund from Investec Group.
The trust will continue to be listed on both the ASX and the Johannesburg Stock Exchange.
CEO Graeme Katz said: “We are excited about this new chapter in our evolution. We will continue to be a meaningful player in multi-sector property investment and asset management in Australia and New Zealand by growing our existing property portfolio.
“While we will no longer be part of the Investec Group, we remain proud of our roots. The support from the Investec Group over the past seven years has positioned the fund well for the next stage of its growth.
“As a result of moving from an external to an internal management model, unitholders will also benefit from an enhanced corporate governance framework where the board and management will be directly accountability to unitholders.” Katz concluded.
