SA's listed property companies struggle to find well priced acquisition opportunities and takeovers are becoming more difficult to achieve now as there are no easy targets.

Emira Property Fund becomes the first listed real estate company to forecast negative distribution growth in the coming results season.

Emira Property Fund continues to grow value in its retail property portfolio, investing over R250 million in acquiring new centres and upgrading its shopping centres.

Emira Property Fund has secured yet another prime property in the flourishing Menlyn node in Pretoria. The R403 million, 50% share in five buildings in Summit Place, a new P-grade office development that includes other mixed uses, will further bolster Emira’s already flourishing portfolio of quality property assets.

Emira Property Fund is strongly positioned for responsible growth, notwithstanding the adverse economic environment in South Africa.

Emira Property Fund Limited today announced 8.8% growth in distributions per share for its half-year to December 2015, continuing its track record of delivering on its market guidance with another strong set of results for investors.

Emira Property Fund is undertaking a major R795 million redevelopment of its Knightsbridge Manor office park in Bryanston, Johannesburg, into a P-grade and leading-edge Green Star SA rated office complex.

Emira Property Fund has been included among the top performing companies on the Johannesburg Stock Exchange for the seventh consecutive year.

Emira Property Fund announced it has appointed Greg Booyens as Chief Financial Officer of the company from 1 January 2016.

Emira Property Fund is benefitting from the prudent management of its debt book and has embarked on a series of proactive debt extensions.