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Business|Industrial
Business|Industrial
business|industrial

Tribunal gives Emira’s acquisition of Transcend the go-ahead

7th October 2022

By: Darren Parker

Deputy Editor Online

     

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The Competition Tribunal has unconditionally approved JSE-listed real estate investment trust Emira Property Fund’s proposed buyout of Transcend Residential Property.

Upon the implementation of the proposed merger, Transcend will be owned and controlled by Emira.
 
Emira is invested in a diversified portfolio of commercial, industrial and retail assets in major South African metropolitan areas.
 
Transcend's primary business is the letting of residential property developments in the Western Cape and Gauteng and it owns a portfolio of high-quality residential properties, servicing the low- to middle-income market.

To watch Creamer Media's latest video reports, click here
 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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