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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 a transaction that will see 5% of its shares in issue being owned by strategic black partners.

The South African Institute of Black Property Practitioners (SAIBPP) has honoured Growthpoint Properties for demonstrating outstanding commitment to the transformation in the property sector.

The Property Sector Charter Council is pleased to announce the recent gazetting of the Property Sector Charter as a Sector Code on Black Economic Empowerment in terms of Section 9(1) of the Broad Based Black Economic Empowerment Act (Act 53 of 2003).

The Property Sector Code applies to all businesses and organisations involved in commercial and residential property. Commercial property includes office, industrial, retail and leisure property as well as land zoned for commercial development. Residential property includes houses, community schemes and land zoned for residential development

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