EMIRA PROPERTY FUND LTD

EMIRA PROPERTY FUND LTD Organogram

Emira Property Fund Ltd is a REIT domiciled in South Africa and, together with all its subsidiaries owns a portfolio of property investments which are diversified both sectorally and geographically. The fund has direct property holdings as well as indirect property investments, through equity investments in property owning companies with specialist third-party co-investors.\r\n\r\nIn South Africa, it owns a direct portfolio of properties diversified across the retail, industrial, office and residential sectors. The residential portfolio includes the properties of Transcend Residential Property Fund (Pty) Ltd, a wholly owned subsidiary, that is focused on value-oriented suburban units.\r\n\r\nIn the USA, it has equity interests in 11 grocery-anchored power centres, together with its US-based partner, The Rainier Companies. In Poland, it has a 45% equity interest in DL Invest Group S.A., a Luxembourg-headquartered property company which develops and holds industrial and logistics centres, mixed-use/office centres, and retail parks.\r\n\r\nAs of 31 March 2024, Emira\'s direct South African portfolio comprised a total of 63 properties valued at R12.1bn. The portfolio is split between the Commercial Portfolio, composed of retail, office and industrial properties and the Residential Portfolio which comprises 3,347 units across 21 properties.\r\n\r\nProperty management services are outsourced to Broll Property Group (Pty) Ltd, Feenstra Group and IHS Property management.