Emira listing on track for next month

Posted On Tuesday, 28 October 2003 02:00 Published by eProp Commercial Property News
Rate this item
(0 votes)

RMB Properties, part of the First Rand Group, said yesterday it had overcome most of the delays relating to property transfers and was on schedule for a November 21 listing of its property unit trust Emira Property Fund.

Warren SchultzeThe planned listing had been held back because of the City of Johannesburg's delays in issuing clearance certificates.

The fund was initially tipped to list at the end of August, but RMB Properties chief operating officer Warren Schultze said at the time the listing was postponed to the end of September because market conditions indicated there were opportunities to increase the fund.

The launch was delayed again to the end of this month as the necessary approvals had not yet been received.

Schultze said most of the properties had now been lodged for transfers, while certain transfers had already taken place. "The initial response we've had from potential investors towards our fund has been quite favourable."

Last modified on Friday, 09 May 2014 15:14

Most Popular

University of Fort Hare construction resumes

Jun 18, 2020
Construction of UFH Student Housing
Following two months of hard lockdown, the development of a 2 047-bed student village at…

SA property prospects as we look beyond COVID-19 lockdowns

Jun 11, 2020
John Loos FNB Property Economist
“The COVID-19 Crisis has changed the world a lot, perhaps less through introducing new…

Estate Agency Affairs Board to re-open its doors this month

Jun 13, 2020
Mamodupi Mohlala
The Estate Agency Affairs Board (EAAB) will re-open its Sandton, Johannesburg offices…

Grit to improve liquidity, save costs through proposed JSE de-listing

Jun 11, 2020
Bronwyn Corbett Grit
London Stock Exchange listed Grit announced its intention to de-list from the JSE.

Redefine’s European logistics platform set to expand its footprint in Poland

Jun 17, 2020
Andrew Konig CEO Redefine
JSE listed diversified real estate investment trust Redefine Properties (JSE: RDF) along…

Please publish modules in offcanvas position.