Emira is on the prowl for acquisitions
Property fund has a pot of cash and is keen to build its asset base
14 August 2019 - 18:57
Emira Property Fund, owner of Knightsbridge Office Park in Bryanston and the Quagga Shopping Centre in Pretoria whose offer to take over SA Corporate Real Estate was rebuffed last week, says it is still in a strong position to buy other local real estate companies.
Following the release of financial results on Wednesday for the year to June, Emira CEO Geoff Jennett said that as Emira has more cash and less debt than many of its peers, it could acquire other property funds in the depressed economy...
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