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.

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