Emira invests in fourth US shopping centre
Emira property fund has invested in a fourth shopping centre in the US, growing its exposure in the country and advancing its international investment strategy.
The JSE-listed Reit acquired 49% ofStony Creek Marketplace in Noblesville, Hamilton County in Indiana, picture above.
This deal takes Emira’s exposure in the US to 3% of it’s total assets and its international exposure in developed markets to 9% of total assets, including its investment in ASX-listed Growth point Properties Australia (GOZ).
The latest addition to Emira’s US portfolio is 18,900m of convenience retail, near to two of Emira’s existing investments in Ohio.
The centre is in the Indianapolis metro area.
Says Emira Property Fund CEO Geoff Jennett: “With this transaction Emira benefits from growing exposure to the attractive value available in the US in our chosen market segment.”