Redefine takes up an investment in Emira

Redefine Properties has purchased approximately 11% of Emira Property Fund’s Participatory Interests (PIs). The PIs were purchased from certain institutional investors in exchange for Redefine Propertie’s shares. Redefine Properties thus become one of Emira Property Fund’s large PI holders.

“We welcome Redefine as a PI holder, and we are confident that it, like all our other PI holders, will be rewarded through its investment in Emira”, says James Templeton, Chief Executive Officer of Emira Property Fund. “Emira has shown a strong and sustained turnaround in the past three years and is well positioned for future performance. This has created a keener demand for…

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