May 20 (Reuters) - Investec Property Fund Ltd IPFJ.J :
* JSE: IPF - SALE OF 45 MILLION INVESTEC AUSTRALIA PROPERTY FUND UNITS
* INVESTEC PROPERTY FUND LTD - PROCEEDS OF SALE WILL BE UTILISED TO FURTHER DELEVER FUND'S BALANCE SHEET AND/OR BE DEPLOYED INTO PAN-EUROPEAN STRATEGY
* INVESTEC PROPERTY FUND - OFFER WAS OVERSUBSCRIBED SUCH THAT FUND DISPOSED OF 45 MILLION IAPF UNITS TO INSTITUTIONAL INVESTORS, AT A$1.32 PER UNIT
* INVESTEC PROPERTY FUND - DIVIDEND GUIDANCE FOR FINANCIAL YEAR ENDING 31 MARCH 2020, REMAINS UNCHANGED
* INVESTEC PROPERTY FUND LTD - FUND WILL RECEIVE GROSS CASH PROCEEDS OF ABOUT A$59.4 MILLION IN RESPECT OF SALE, ON OR ABOUT 27 MAY 2019