Emira Property Fund has concluded an agreement with Eris Property Group to acquire its proposed Corobay Corner office development in Pretoria. .

Emira Property Fund announced an operating profit of R221.824m for the six months ended December 2010, from R345.111m previously.

Listed property unit trust Emira Property Fund has seen an increase in rentals remain flat in the six months to December.

Emira Property Fund is planning to spend a further R130m in the next year upgrading certain of its property assets in Johannesburg, Pretoria and Cape Town.

Property loan stock company Vukile Property Fund and property unit trust Emira Property Fund have delivered fairly stable and consistent returns to their shareholders, but the two trade at similar ratings and at a discount to the market due to a perception that they have lower quality assets.

Emira Property Fund is continuing to invest in the Australian listed property sector, announcing that its investment in Growthpoint Properties Australia had increased.

Emira Property Fund has followed its R117m investment in Growthpoint Properties Australia (GOZ) made earlier this year with another R117m investment in the Australian-based real estate investment trust (REIT)

Emira Property Fund participatory interest (PI) holders have voted overwhelmingly in favour of recently proposed amendments to the fund’s Trust Deed.

Emira Property Fund participatory interest (PI) holders have voted overwhelmingly in favour of recently proposed amendments to the fund's Trust Deed.

Growthpoint Properties Limited has exceeded its distribution forecast for the year ended 30 June 2010 achieving distribution growth of 5.8%