Western Cape real-estate veteran Mike Flax and his understudy, Quintin Rossi, are banking on “semigration” across wealth brackets into the province to drive their latest property fund.
The pair say their company, Spear, may be able to deliver sector-beating dividend growth because of this growing trend.
Western Cape-focused Spear REIT Limited has announced the acquisition of a premium grade office portfolio in Tygervalley, Cape Town, for R960 million, further expanding its footprint in one of the Western Cape’s strongest-performing commercial precincts. The...
Western Cape-focused Spear REIT Limited has delivered guidance-beating results for the financial year ended 28 February 2026, reporting a 6.02% year-on-year increase in both distributable income per share (DIPS) and distribution per share (DPS). The performance...
Western Cape-focused real estate investment trust Spear REIT has completed an accelerated bookbuild, raising R1 billion from qualifying investors. The capital raise attracted strong demand and was multiple times oversubscribed. A total of 78 740 158 new ordinary...