Bolton owner Emira on the prowl for acquisitions, most likely offshore
Emira Property Fund says it probably has up to R1.8 billion in"dry powder" for acquisitions, with the diversified listed real estate group most likely to pursue opportunities offshore.
With R1 billion in debt funding facilities already available to Emira, the group also expects healthy proceeds from asset disposals valued at about R2 billion to provide it with some serious firepower. CEO Geoff Jennett said on Thursday that after disposal proceeds that would go to debt reduction, he estimates that the group should probably have anywhere between R1.6 billion and R1.8 billion available for new assets.South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism.
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