April 6 (Reuters) - Investec Australia Property Fund IAPJ.J :
* CONTRACT WITH LOGOS PROPERTIES FOR HYDRIVE NO.1 TRUST TO BUY WAREHOUSE, DISTRIBUTION FACILITY FOR AUD 19.5 MILLION
* DEAL PRICE, COSTS TO BE FUNDED BY SYNDICATED DEBT FACILITY WITH WESTPAC BANKING, AUSTRALIA AND NEW ZEALAND BANKING
* ACQUISITION IS ACCRETIVE TO FUND FROM A DISTRIBUTION PERSPECTIVE