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 appoints Geoff Jennett, currently chief financial officer and an executive director of Emira, as Chief Executive Officer with effect from 1 September 2015. 

James Templeton has advised the Board of his resignation from the Fund with effect from 31 August 2015, in order to pursue personal interests outside of the listed property sector.

Emira Property Fund has declared a total distribution for the year ended 30th June 2007 of 82,35 cents per Emira participatory interest – a 10,54% increase on the previous year