Emira Property Fund today announced that one of its BEE investors, Kagiso Tiso Holdings Proprietary Limited (KTH) has realised the value of its investment in Emira through a significantly oversubscribed accelerated offering of all of KTH’s 29,316,187 participatory interests (PIs) in Emira, representing 5.74% of its PIs in issue. 

 

Nedbank Commercial Property Finance loan enables Emira Property Fund to strengthen portfolio.

Emira Property Fund has announced details of its strategic conversion to an internally managed Corporate REIT, listed on the JSE.

Recycling capital to enhance earnings for its investors, Emira has disposed of three buildings for a combined R476 million – representing a forward yield of 6.4% and a total premium to book value of 47.4%.

Emira Property Fund delivers a 13% increase in distributable income to R330m in the six months to December from the year-earlier period.

Emira Property Fund has installed a R6 million solar farm on the roof of its Epsom Downs Shopping Centre in Bryanston, Sandton.

Emira Property Fund's access to debt capital markets remains robust, even with general lacklustre demand for listed property commercial paper (CP).

Redefine's full year results ahead of guidance delivering 8.5% distribution growth

Emira Property Fund has boosted its future earnings growth for the medium term with the 12 key property assets acquired so far in 2014.

Emira Property Fund confirmed it has been advised by Redefine Properties that Redefine has purchased approximately 11% of Emira's Participatory Interests (PIs).

Page 5 of 15

Most Popular

Anuva Investments launch Section 12J hospitality fund with property partners Flyt Property Investment

Oct 18, 2019
Zane De Decker HR
Investment into Section 12J venture capital vehicles has seen a huge uptake over the last…

Fairvest to become fourth property company to list on A2X

Oct 30, 2019
DARREN WILDER
Fairvest Property Holdings, a real estate investment trust with a market cap of R2…

Property market ready for take-off as bond grants rise

Oct 18, 2019
BetterBonds Mortgage Monitor
Housing demand has continued to gain momentum since the start of the year and in the…

Significant shifts in the Winelands commercial sector

Oct 18, 2019
Caption Somerset West commercial
A decade of corporate semigration and decentralisation fuelled the Winelands commercial…

Equites Property Fund Interim Results

Oct 18, 2019
Andrea Taverna Turisan CEO Equites Property Fund
Equites Property Fund Limited (Equites) today announced distributable earnings for the…

Please publish modules in offcanvas position.