Emira Property Fund has announced an increased distribution for the year ended 30th June 2011 of 113.52 cents per Emira participatory interest (PI) – 5% higher than the previous year

Emira Property Fund, a listed property unit trust, has posted a 5% rise in distributions to 113.52c for the year ended June.

Emira Property Fund, a listed property unit trust, has poured R61,1m into Growthpoint Properties Australia (Goz), an Australia-based real estate investment trust, saying the investment was earnings enhancing for unitholders of both companies.

Emira Property Fund is adding to its portfolio of properties in the prestigious Menlyn area of Pretoria

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.