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 Address to refer: https://www.researchchannel.co.za/article/emira-on-track-to-improve-performance-despite-difficult-operating-environment-2017-08-16
 Article Headline: Emira on track to improve performance, despite difficult operating environment
 Abstract: Despite a challenging year, JSE-listed real estate investment trust Emira Property Fund says it has significantly improved vacancies across its portfolio to 5.3%, from 7% at its half-year, while having also renewed 77% of expiring space during the financial year to June 30.    Speaking at a presentation of the company’s results, in Johannesburg, on Wednesday, CEO Geoff Jennett said the South African operating environment had worsened and was set to remain tough, “but Emira is now on a much better footing to move forward and [improve] its performance for investors.”   He pointed out that the company’s substantial leasing progress took a lot of hard work. “We introduced several new solutions that respond well to the fiercely competitive market. Filling vacancies and retaining tenants is a top priority,” he said.    Rebalancing its portfolio, Emira sold 11 noncore properties – or around 4% of its total portfolio – at a 1.1% average premium to book value.
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