About Spear REIT Limited
Nature of Business
Spear REIT Limited listed as a Real Estate Investment Trust (“REIT”) on the AltX of the Johannesburg Stock Exchange (“JSE”) on 11 November 2016. Its main business is investing in high-quality income-generating real estate across all sectors within the Western Cape, predominantly in the Cape Town region. The company successfully moved to the JSE Main Board on 22 May 2017. The company conducts its business directly and through a number of subsidiaries, collectively referred to as the “group”. The company’s property and asset management functions are internally and directly managed by the Spear executive management team.
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Number of Properties
409 868
Gross Lettable Area (m2)
27 months
WALE
R4.22bn
Asset Value
92%
Occupancy
Asset Management
All of our real estate portfolio’s lease negotiations, tenant renewals, income and expense management, and income projection preparations are managed internally. Spear focuses on a complete hands-on approach to each property, ensuring that maximum value and growth are derived.
Property Management
The day-to-day property management of our real estate portfolio is performed internally by a team of highly skilled and motivated individuals managing all administrative and maintenance functions. The management team of Spear Properties is confident that they have assembled the right team to manage the property portfolio.