May 3 (Reuters) - Investec Australia Property Fund IAPJ.J :
* ASX LISTING PROPOSAL AND OFFER
* ENTITY HAS DECIDED TO PURSUE AN ADDITIONAL PRIMARY LISTING OF FUND ON ASX TOGETHER WITH AN ASSOCIATED OFFER
* ASSOCIATED OFFER INVOLVES ISSUE BY RESPONSIBLE ENTITY OF 76.9 MILLION NEW UNITS IN FUND
* FOLLOWING IMPLEMENTATION OF ASX LISTING PROPOSAL, FUND TO DELIST FROM BSX, WILL BE DUAL PRIMARY LISTED ON JSE AND ASX
* PROCEEDS FROM OFFER WILL BE USED TO REPAY DEBT AND PAY COSTS ASSOCIATED WITH OFFER