Emira Property Fund has declared a total distribution for the year ended 30th June 2007 of 82,35 cents per Emira participatory interest – a 10,54% increase on the previous year

Emira Property Fund, which recently acquired smaller property loan stock company, Freestone Property Holdings Ltd, has received Board approval to spend a total of R254m on new property developments and refurbishments to existing properties over the next nine months

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