We use cookies to provide you with the best possible online experience. Read our cookie policy.
“
RMB is a people’s business with the right people who understand us.”
Geoff Jennett, CEO Emira Property Fund
“
RMB is a people’s business with the right people who understand us.”
Geoff Jennett, CEO Emira Property Fund
Emira’s partnership with RMB
Emira is a diversified Real Estate Investment Trust (REIT) company, with a property portfolio of predominantly South African assets and a growing component of offshore assets.
About Emira
Emira is a diversified Real Estate Investment Trust (REIT) company, with a property portfolio of predominantly South African assets and a growing component of offshore assets. The company listed on the JSE in November 2003 in the real estate investment trusts sector. In line with its strategic objectives, Emira’s property portfolio spans multiple sectors including office, retail and industrial and recently added residential sectors.
The company is focused on growing the quality and value of its property portfolio, in order to sustain and enhance its distribution growth to shareholders.
The relationship with RMB
In 2003 RMB was appointed as Emira’s primary banker and assisted with Emira’s initial JSE listing.
RMB was recently appointed as sole lender and sustainability agent for a R200m sustainability-linked loan (SLL) for Emira.
The RMB Real Estate Investment Banking and Sustainable Finance and ESG Advisory teams worked closely together in structuring this SLL for Emira in compliance with the Loan Market Association’s Sustainability Linked Loan Principles. They also worked with Emira to determine the environmental social and governance performance targets for the loan, which are in line with their strategic objectives. The ESG targets included increased use of renewable energy and reduction in carbon emissions.
Sustainable journey
The SLL enabled Emira to add another tangible milestone to its sustainability journey. Together these outcomes will work to bolster Emira’s sustainability profile. Emira was also able to gain a further pricing benefit in the form of a margin ratchet, ensuring a lower cost of funding.
RMB’s partnership with Emira has enabled the company to realise their evolving business vision and to support and advise them during challenging times, while offering competitive banking facilities.
