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Emira Property Fund today announced a transaction that will see 5% of its shares in issue being owned by strategic black partners.
Emira Property Fund has increased its spread of funding significantly over the past two years and now has funding facilities with six different banks, supporting a better risk profile, improving its refinancing risk and minimising its cost of capital.
Emira Property Fund Limited today reported a 68,93 cents dividend per share for its half-year ended 31 December 2016, which is in line with its market guidance.
Emira Property Fund Limited today reported distribution growth of 8.8 % per share for its full-year ended 30 June 2016, meeting its market guidance with a strong set of results for Emira investors.
Emira Property Fund, which could be taken over by Arrowhead Properties, may receive offers from other suitors.
The Board of Directors of Emira Property Fund has rejected Arrowhead’s unsolicited, non-binding, and highly conditional expression of interest to acquire all of Emira’s issued share capital on the basis that it has no benefit to Emira’s shareholders.
Emira Property Fund today announced it has signed an agreement with WSP|Parsons Brinckerhoff for approximately 5,800m² of premium quality sustainable head office space at its leading-edge Knightsbridge office park development in Bryanston.
SA's listed property companies struggle to find well priced acquisition opportunities and takeovers are becoming more difficult to achieve now as there are no easy targets.
Emira Property Fund becomes the first listed real estate company to forecast negative distribution growth in the coming results season.