Emira Property Fund soaring in the US
The property group, which owns retail, office and industrial assets locally, is finding success in American retail
19 February 2020 - 13:04
UPDATED 19 February 2020 - 17:59
Emira Property Fund, the landlord which owns top-end office park Knightsbridge in Bryanston, says it can invest up to half a billion rand more in the US before hitting its ceiling in the world’s largest real estate market.
Initially, there were doubts in the market about the company’s ability to compete there, but CEO Geoff Jennett said Emira is managing the risks around its R1bn investment in the country, which accounts for about 7.5% of the company’s R14.4bn asset base. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.