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.
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.
In a staunchly competitive commercial leasing market, helping businesses manage cashflow is a key factor in attracting and retaining tenants for a well-managed property portfolio.
Emira Property Fund successfully settled and immediately re-issued R400 million of three-month unsecured commercial paper (CP), for the second time. The paper rolled for a further three months and now needs to be settled in May 2013.
South Africa’s listed property sector gained 1.4% during the week ended 15 February 2013. Since the start of the year, both the listed property sector and the FTSE/JSE All Share Index have returned 3.7%, while the bond market has returned just 0.6%.
Emira Property Fund reported distribution growth of 3,5% for the six-month period ended 31 December 2012, representing a significant improvement in growth prospects from its final distribution for the year to June 2012.
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