Emira Property Fund has committed itself to further growth of it’s property portfolio this year, says CEO James Templeto

Emira Property Fund had an active six months bringing 14 projects totalling R330m to fruition. These investments are expected to significantly improve the quality of the portfolio and the sustainability of its rental income over the longer term

The Emira Property Fund has declared a 44.34 cents per participatory interest distribution for the six months ended on the 31st December 2007 – 10,6% up on the comparable period last 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