Emira says it has recently spent R100m on on acquiring three, prime, commercial properties in Centurion's Highveld Technopark.

Emira Property Fund recently bought back 4.99m of its participatory interests (PIs) in the open market at an average price of 1 044 cents per PI for a total cost of R52m

JSE-listed, Emira Property Fund, has become the latest of four well-established South African listed property funds to the join the Global Property Research 250 Index (GPR 250).

Emira Property Fund has committed itself to further growth of it’s property portfolio this year, says CEO James Templeto

Emira participatory interest holders enjoyed a total return of 35,9% over the period, made up capital appreciation of 30% and an income return of 5,9% in respect of the distribution paid out participatory interest holders for the six months to end June 2008

Emira Property Fund announced a distribution per participatory interest for six months ended December 2008 was at 48.79 cents, up 10.04%.

Emira Property Fund had an active six months bringing 14 projects totalling R330m to fruition. These investments are expected to significantly improve the quality of the portfolio and the sustainability of its rental income over the longer term

Emira Property Fund has recently replaced R650m of bank-sourced debt with funds raised in the debt capital market – thereby bringing down its cost of borrowings significantly

Every listed property fund that has reported results so far this year has managed to raise income payouts by more than 10%. That suggests that the commercial property market - unlike its residential counterpart - still has some steam left

The Emira Property Fund has declared a 44.34 cents per participatory interest distribution for the six months ended on the 31st December 2007 – 10,6% up on the comparable period last year