Sept 27 (Reuters) - Investec Australia Property Fund IAP.AX :
* SUCCESSFULLY COMPLETES A$84 MILLION PLACEMENT THROUGH ISSUANCE OF 55.6 MILLION NEW UNITS AT ISSUE PRICE OF A$1.52 PER UNIT
* PROCEEDS OF PLACEMENT TO FUND ACQUISITION OF THREE INDUSTRIAL PROPERTIES FOR A$81 MILLION BY SUB TRUSTS OF CO