Emira sets up headquarters at Epsom Downs Office Park
Emira Property Fund relocates its Johannesburg offices into one of its own key commercial property assets, Epsom Downs Office Park in Bryanston in July 2013.
Emira Property Fund vacancies drops below 7%
Emira Property Fund reports that vacancies in its property portfolio dropped below 7% for the first time since 2008.
Emerging trends show improved commercial property fundamentals
In a staunchly competitive commercial leasing market, helping businesses manage cashflow is a key factor in attracting and retaining tenants for a well-managed property portfolio.
Emira successfully settles and re-issues R400m of short-term debt
Emira Property Fund successfully settled and immediately re-issued R400 million of three-month unsecured commercial paper (CP), for the second time. The paper rolled for a further three months and now needs to be settled in May 2013.
Listed property sector matches equities and outperforms bonds
South Africa’s listed property sector gained 1.4% during the week ended 15 February 2013. Since the start of the year, both the listed property sector and the FTSE/JSE All Share Index have returned 3.7%, while the bond market has returned just 0.6%.
Emira achieves positive turnaround with 3,5% interim distribution growth
Emira Property Fund reported distribution growth of 3,5% for the six-month period ended 31 December 2012, representing a significant improvement in growth prospects from its final distribution for the year to June 2012.
Emira raises a further R450m to fund its capital projects and replace balance of notes issued in terms of CMBS
Emira Property Fund has raised a further R450m in debt to help fund the extensions of its Wonderpark Shopping Centre in Pretoria and to pay back the balance of the notes that were issued by Freestone Finance Company (Pty) Ltd in March 2008 and were due for repayment early next year.
Emira Property Fund expects benefits from property management tender
After deciding to seek tenders for the property management contract of its R8.8bn portfolio, the Emira Property Fund board has outsourced the property management of its commercial and industrial portfolio to Eris Property Group and virtually its entire retail portfolio to Broll Property Group.
Letting and sales activity to show benefits for Emira Property Fund
JSE-listed Emira Property Fund is seeing a pick-up in prospects as a result of certain letting and sales activity across its portfolio.
Emira's new debt restructuring deal to aid forward distributions
Emira Property Fund has once again restructured its existing debt facilities with the highly successful auction of R400m of three month commercial paper in the debt capital markets
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