Investec Australia Property Fund (IAP or the Fund) announced that it has successfully secured an AUD 150 million fixed rate debt facility with a tenor of 10 years (expiring in December 2029), from a large US financial institution. The interest rate for the debt facility is fixed at 3.40% per annum. The proceeds will be used to repay part of the Fund's shorter term facilities with existing financiers. A restructure of some of the Fund's existing interest rate swaps will be undertaken where a hedging level in accordance with the Fund's hedging policy will be maintained. This announcement has been authorised for release by the Company Secretary.