Emira grows its US investment to a dozen dominant power centres
Emira Property Fund (JSE: EMI) has acquired its twelfth grocery-anchored open-air shopping centre in the USA. Always investing together with its in-country US investment partners, the Rainier Group of Companies, Emira has now invested a further USD18.45m into the equity of a 542,000sqf super-regional, open-air shopping and dining power centre. The highly attractive Summit Woods Crossing in the growing suburb of Lee’s Summit in Kansas City, Missouri, is Emira’s biggest and highest value single US investment to date.
Emira takes transfer of modern Northpoint Industrial midi-unit park in Cape Town
Emira Property Fund (JSE: EMI) has taken transfer of Northpoint Industrial Park, which it acquired for R103 million, funded through recycling capital from the disposal of two older industrial assets. Northpoint transferred to Emira last month (March 2022) after it signed the agreement to acquire the property in 2020, but the Covid-19 lockdowns delayed its transfer.