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.

For many investors, Growthpoint is a good proxy for the property sector. It is in the Alsi 40, with a R26bn market cap. It has a similar split to the overall property market, with 42% in offices, 36% in retail and 22% in industrial property. In the year to June, however, the increase in Growthpoint’s distribution (dividend) was below the listed property sector’s at 5,8%.

Emira Property Fund has announced a rise of 6,7% in distributions to 108,08c per participatory interest unit for the year to June thanks to a recovery in the global economy.

Emira Property Fund announces a distribution of 108.08 cents per participatory interest (PI) unit for the 12 months ended 30th June 2010 – 6.75% up on the previous year

Emira Property Fund has reached an agreement with its external manager, Strategic Real Estate Managers, to pay it a monthly fee based on actual operating costs.

In a pioneering transaction within the Property Unit Trust (PUT) sector of the JSE, Emira Property Fund announced that it has reached agreement with the manager of the Fund, Strategic Real Estate Managers (STREM), to amend the terms of its service charge arrangement

Emira Property Fund said that the property market is recovering from the recession and is on track to maintain its current level of distribution to its PI holders.

Property unit trust company, Emira Property Fund, has won the Investment Analyst Society’s (IAS) 2009 award for the best presentation to its members for companies with a market capitalisation of less than R5bn

Emira Property Fund today announced a distribution of 51.84 cents per Emira participatory interest (PI) for the six month period ended 31st December 2009 – up 6.3% on the previous comparable period