Investing in high-quality income-generating real estate across all sectors within the Western Cape.
Our investment portfolio is made up of 39 properties comprising a well-balanced mix of Industrial (63%), Commercial (26%), Retail (11%), real estate by gross lettable area (GLA).
The total gross lettable area of the portfolio is 487 418 m² which is let to 526 tenants divided into 47% A-grade, 45% B-grade, 5% C-grade tenants and 3% vacant ranging from JSE-listed entities to small or medium enterprises.
The geographically specialised portfolio gives Spear REIT the opportunity to focus on hands-on asset, tenant and portfolio management in the Western Cape. The portfolio presents stable income over the short, medium and long term with a number of redevelopment opportunities that will allow organic growth and increase of income in the portfolio.
KEY INDICATORS
39
Number of Properties
487 418
Gross Lettable Area (m2)
25 months
WALE
R5.53 BN
Asset Value
97%
Occupancy
Investor Communications
Blackheath Park, Blackheath
Regional focus pays off as Spear REIT posts inflation-beating HY2026 growth
Spear REIT delivered a strong set of interim results for the six months ended 31 August 2025, supported by stable operational and financial performance, disciplined capital allocation, and continued portfolio growth.
Spear REIT Provides HY2026 Pre-Close Update: Strong Operational Delivery, Portfolio Growth and Balance Sheet Resilience
Spear REIT has released its HY2026 pre-close update, reporting steady portfolio performance, strong acquisitions worth R1.08 billion, and ongoing solar rollout across its Western Cape assets. With occupancy stable at 95% and distributable income tracking above guidance, Spear remains positioned for resilient growth.
Spear REIT Expands Western Cape Retail Footprint with Acquisition of Maynard Mall
Spear REIT has acquired Maynard Mall in Wynberg, Cape Town for R455 million, expanding its Western Cape retail footprint with a high-traffic, convenience-led centre anchored by national retailers and key services.
Regional focus pays off as Spear REIT posts inflation-beating HY2026 growth
Spear REIT delivered a strong set of interim results for the six months ended 31 August 2025, supported by stable operational and financial performance, disciplined capital allocation, and continued portfolio growth.