Future looks bright after restructuring

Listed property unit trust Emira Property Fund has committed itself to the purchase of a convenience shopping centre, to be developed in Pretoria.

Property unit trust Emira Property Fund, which listed on the JSE Securities Exchange SA in November last year, has managed to significantly reduce vacancies in its property portfolio, having let about 20552m² of space in the past seven months.

Listed property unit trust Emira Property Fund has named wellknown former property analyst James Templeton new CEO of Strategic Real Estate Asset Managers, the fund's asset managers

PROPERTY loan stock company Arnold Property Fund (A-Prop) said yesterday that it had entered into negotiations to acquire a portfolio of properties worth in the region of R312m from Momentum Property Investments.

Industry conference at last lances the boil of phoney portfolio values

Along with flexible property and industrial funds, the small companies sector proved to be one of the star performers of 2003

Emira is the first of a number of new listings expected in the next few months

Emira Property Fund announced that a large proportion of its portfolio would comprise commercial properties, an indication that its management is confident about the prospects of SA's office market

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.