South Africa
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Emira targets R200m in office building disposals

Landlord will sell some of its sectional title assets to owner-occupiers to reduce its exposure

Emira Property Fund, which owns a diversified property portfolio in SA and the US, aims to reduce its exposure to the office sector with R200m in targeted disposals.

Offices make up 21.9% of the company’s portfolio, with a value of R2.9bn. With ongoing struggles in the SA office property sector, Emira saw vacancies reduce slightly to 15% at end-June from 17% previously...

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