Safari Investments, the Pretoria based low LSM retail property fund, today announced the receipt of a firm intention proposal from Community Property Company , an unlisted property fund in the Futuregrowth Asset Management stable, to make a R1.8 billion all cash clean offer to acquire the entire issued share capital of Safari.

Emira Property Fund is selling a sizeable R1.8bn portfolio of 25 office assets to a new majority black-owned entity, specially setup for this purpose.