Shareholders of Emira Property Fund have overwhelmingly approved a transaction that will see 5% of the REIT’s shares in issue being held by strategic black partners who will add value to Emira and its investors while also contributing to transforming the South African economy.

Emira Property Fund today announced that one of its BEE investors, Kagiso Tiso Holdings Proprietary Limited (KTH) has realised the value of its investment in Emira through a significantly oversubscribed accelerated offering of all of KTH’s 29,316,187 participatory interests (PIs) in Emira, representing 5.74% of its PIs in issue.