Listed property sector should be able to perform better next year than it did this year, even with the threat of interest rates rising.

It's been 10 years since SA REIT (Real Estate Investment Trust) Emira Property Fund listed on the JSE on 28 November 2003.

Emira Property Fund has furthered its earnings-boosting participatory interest (PI) repurchase programme and optimised its cost of borrowings by taking advantage of low interest rates currently available in the money markets. 

Emira Property Fund successfully settled R400 million of three-month unsecured commercial paper (CP) and immediately issued R399 million of six-month unsecured CP and a new issue of R100 million three-month CP.

Emira’s participatory interest holders received a total return of 26.2% for the year, with a capital return of 17.3% and income return of 8,9%. 

Emira Property Fund’s Podium at Menlyn has been announced as the deserving winner of the Fulton Awards Innovative Construction Award.

Tuesday, 02 July 2013 13:32

Listed property sector regains ground

South Africa’s listed property sector surged 8.2% during the week that ended on 28 June 2013, on the back of lower bond yields, a stronger Rand and some quarter-end window dressing.

Emira Property Fund has been granted REIT (Real Estate Investment Trust) status by the JSE effective from today.

Emira Property Fund relocates its Johannesburg offices into one of its own key commercial property assets, Epsom Downs Office Park in Bryanston in July 2013.

Emira Property Fund reports that vacancies in its property portfolio dropped below 7% for the first time since 2008.

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